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Misr Cement profit grows 21%

Misr Cement profit grows 21%

ArabFinance: Misr Cement Company (Qena) reported a 21% Year on Year rise in its consolidated net profit in the first nine months of 2020, according to the company’s November 12th financial statements filed to the Egyptian Exchange.

Consolidated net profit before minority interest stood at EGP 40,112,283 in the January-September period of 2020, compared to EGP 33,286,608 achieved in the prior-year period.

Standalone net profit reached EGP 45,155,084 in the January-September period of 2020, a 107% rise from EGP 21,858,785 posted in the corresponding period a year earlier.

The company distributed cash dividends of EGP 0.250 per share on May 21st to the shareholders recorded on May 18th.

Qena is engaged in the manufacturing and marketing of cement and cement-related products in Egypt and abroad.

The company is involved in the production and distribution of construction materials, as well as dealing in all types of construction supplies and equipment.

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