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Misr Cement eyes EGP 13.9M net profit in 2021

Misr Cement eyes EGP 13.9M net profit in 2021

ArabFinance: Misr Cement Company (Qena) (MCQE) targets a net profit of EGP 13.926 million for 2021, compared to EGP 48.796 million a year earlier, according to the company’s February 3rd statement filed to the Egyptian Exchange.  

The company’s board of director approved the planning budget for 2021, targeting total sales worth EGP 1.037 billion, compared to EGP 1.15 billion in 2020.

Qena reported a 21% Year on Year rise in its consolidated net profit in the first nine months of 2020, achieving EGP 40.11 million, compared to EGP 33.26 million in the same period of 2019.

The company 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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04 Oct 2021
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