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Arabian Cement Co. profits slip to EGP 29M YoY

Arabian Cement Co. profits slip to EGP 29M YoY

ArabFinance: Arabian Cement Company (ARCC) announced, in a statement sent to EGX, the audited financial results for the financial year 2019. 

The company posted consolidated net profits of EGP 28,938,584, compared to net profits of EGP 231,642,162 in the same period a year ago, taking into account the minority rights.  

Moreover, it posted standalone net profits of EGP 30,099,450, compared to net profits of EGP 233,642,343 in the same period last year. 

The company’s board did not propose dividends to shareholders.

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