On the other hand, Ezz Steel incurred losses on foreign currency valuation differences of 8.8 billion pounds during the first 3 months of 2023, which is more than the losses it suffered in the corresponding period of the fiscal year by 1.13 billion pounds. This resulted in “Ezz Steel” turning to losses of about 2.48 billion pounds during 3 months, compared to a net profit of 1.21 billion pounds, during the comparative period, despite the growth in total sales by about 49%, to 27.84 billion pounds from 16.64 billion pounds during the quarter. The first of 2022.