Cairo-based Misr National Steel (Ataqa) achieved a remarkable net profit after tax of EGP 734.86 million in 2023, marking a staggering 213% year-on-year increase from EGP 234.72 million in 2022. The company’s annual sales climbed to EGP 2.72 billion, up from EGP 2.48 billion the previous year. Earnings per share (EPS) surged to EGP 0.612 in 2023 compared to EGP 0.196 in 2022. Notably, consolidated net profits for the first nine months of 2023 hit EGP 593.57 million, a dramatic rise from EGP 115.50 million in the same period of 2022.