Arab Finance: Arabian Cement Company’s consolidated net profits after tax and non-controlling interests skyrocketed by 950.23% year-on-year (YoY) last year, hitting EGP 358.985 million from EGP 34.181 million, according to the company’s financial statements filed to the Egyptian Exchange (EGX) on February 23rd
The company's net revenues rose to EGP 4.67 billion, compared to EGP 2.44 billion in 2021.
At the level of standalone businesses, Arabian Cement’s net profits after tax jumped to EGP 342.504 million in 2022, compared to EGP 27.123 million in 2021.