Net profit of Egypt's Al Ezz Dekheila Steel, a unit of Ezz Steel, plunged 76% last year, Reuters has reported. The company's unconsolidated net profit was EGP724.4m ($131.9m), compared with EGP2.97bn the previous year. Net sales fell 30% to EGP8.16bn, compared to EGP11.64bn in 2008.
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