Egypt-based Arabian Cement Co, a subsidiary of Spain’s Grupo Bertolin, posted a 23.6 per cent YoY increase in revenue to EUR168m in 2018. Meanwhile, net profit also advanced 7.4 per cent to EUR11.9m for the year.

The results show that, despite a depreciation in the Egyptian pound, Arabian Cement has remained profitable. It distributed over EUR10m in dividends in 2018.