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Article: Alexandria National Iron & Steel Company.
- Article from:
- MEED Middle East Economic Digest
- Article date:
- March 17, 2000
CopyrightCOPYRIGHT 2000 MEED Middle East Economic Digest. All Rights Reserved. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Net profits at Alexandria National Iron & Steel Company (ANSDK) fell by 59 per cent in 1999 to [pounds]E 28.8 million ($8.4 million), compared with [pounds]E 71 million ($20.8 million) the previous year. The main reasons for the drop in earnings were heavy interest expenses associated with the company's expansion projects and the need to cut prices to compete with cheap ...