Arabian Cement sees reduced profit in the 9M19

Egypt’s Arabian Cement Co has reported an 85 per cent YoY fall in profit to EGP32.9m (US$2.04m) in the first nine months of 2019, compared to EGP214.8m in the year-ago period.

The company’s standalone results declined to EGP32.58m in the 9M19, down from EGP215.1m in the corresponding period of 2018.