Arab Finance: Arabian Cement Company’s (ARCC) consolidated net profits attributable to the parent company rose 310.82% to EGP 241.772 million during the first quarter (Q1) of 2023, compared to EGP 58.850 million in the same period a year earlier, according to the company’s financial statements filed to the Egyptian Exchange (EGX) on May 30^th.

Moreover, the company has generated consolidated sales of EGP 1.710 billion in the three-month period ended March 31st, growing from EGP 1.061 million in the same quarter last year.

At the level of standalone results, Arabian Cement has posted a net profit after tax of EGP 243.043 million in Q1 2023, compared to EGP 53.283 million during the first three months of 2022.

Arabian Cement is an Egypt-based company engaged in the manufacture of cement and concrete. Its products include clinker and ready-mix concrete, in addition to Al Mosalah, Al Tahrir, and El Sadd cement.

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