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Ceramica Remas reports 61% profit decrease

Ceramica Remas reports 61% profit decrease

ArabFinance: The Arab Ceramic Company (Ceramica Remas) (CERA) reported a 61% Year on Year decline in its net profit in the first half (H1) of 2020, according to the company’s August 13th financial statements filed to the Egyptian Exchange.

Net profit stood at EGP 5,279,302 in H1 of 2020, compared to EGP 13,833,087 achieved in H1 2019.

In 2019, the company posted net profit of EGP 18,637,372, compared to EGP 22,917,633 posted a year ago.

Ceramica Remas is an Egypt-based public shareholding company engaged in the construction supplies industry sector. The company is primarily involved in the production and distribution of sanitary ware sets and ceramic tiles.

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