Misr Cement Qena registers 10.13% YoY rise in Q1 consolidated profit
Updated 5/22/2023 9:48:00 AM
Arab Finance: Misr Cement – Qena (MCQE) has reported a 10.13% year-on-year (YoY) increase in consolidated profit attributable to controlling shareholders during the first quarter (Q1) of 2023, recording EGP 65.672 million, compared to EGP 59.631 million, according to the financial statements filed to the Egyptian Exchange (EGX) on May 22nd.
Sales surged to EGP 906.423 million in Q1 2023 from EGP 668.759 million in Q1 2022.
The company’s standalone net profit after tax rose to EGP 56.684 million in the three-month period ended March 31st from EGP 48.077 million in the same period in 2022.
Misr Cement – 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.
Related News
