Arabian Cement reports 153% surge in profit to EGP15.9m

Egypt’s Arabian Cement Co has reported a 153 per cent YoY surge in consolidated net profit for the first quarter of 2020, rising to EGP15.91m (US$983,519) from EGP6.3m in the 1Q19.

Standalone net profit saw an even larger increase to EGP16.3m from EGP4.23m.