Arabian Cement profit soars 197% in 1H18

By ICR Newsroom

14 August 2018

Egypt's Arabian Cement posted a 196.6 per cent hike in consolidated profits to EGP212.76m (US$11.89m) in 1H18 from EGP71.71m in 1H17, the company said in a filing to the Egyptian Exchange.

Revenues advanced to EGP1.64bn at the end of June, compared with EGP1.22bn in 1H17.

Standalone profits surged to EGP213.3m in the first half of 2018, up from EGP71.51m in the year-ago period.

Published under Cement News

Tagged Under: Arabian Cement Egypt business results