Arab Finance: Misr Cement – Qena recorded net sales of EGP 2.82 billion in 2022, growing by 11% from EGP 2.53 billion in 2021, according to the group’s 2022 Earnings Release on February 27^th.

The group’s volume of local cement sales reached 3.2 million tons last year, 25% down from 3 million tons in 2021.

Net profits attributable to the parent company stood at EGP 96 million in the 12-month period ended December 31^st 2022, falling by 34% from EGP 146 million in 2021.

Moreover, Misr Cement – Qena achieved standalone net profits of EGP 76 million in 2022, compared to EGP 94 million in the prior year.

Additionally, the group unveiled a proposal to pay cash dividends worth EGP 0.50 per share to shareholders for 2022.

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