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Gemma’s profits grow 20.6% YoY in Q1

Gemma’s profits grow 20.6% YoY in Q1

Arab Finance: El Ezz Porcelain (Gemma) (ECAP) posted a 20.6% year-on-year (YoY) increase in net profits after tax for the first quarter (Q1) of 2022, according to the financial statement filed to the Egyptian Exchange (EGX) on May 31st.

The company recorded a net profit after tax of EGP 46.58 million in Q1 2022, compared to EGP 38.62 million in Q1 2021.

Sales amounted to EGP 453.83 million in the first three months this year, up from EGP 323.93 million in the same period of 2021.

Established in 1989, Gemma has become the leading manufacturer of high-end Ceramic and Porcelain tiles in Egypt and the Middle East.


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