Ceramica Remas posts 426.29%YoY leap in Q1 profits

Updated 5/30/2023 2:51:00 AM
Ceramica Remas posts 426.29%YoY leap in Q1 profits

Arab Finance: The Arab Ceramic Company (Ceramica Remas) posted a 426.29% year-on-year (YoY) surge in net profit after tax for the first quarter (Q1) of 2023, according to the financial income statement filed to the Egyptian Exchange (EGX) on May 30th.

Net profit after tax reached EGP 20.169 million in Q1 2023, compared to a profit of EGP 3.832 million in Q1 2022.

Moreover, the company recorded net sales of EGP 307.372 million in the three-month period ended March 31st, up from EGP 208.404 million in the same period last year.

Ceramica Remas is an Egypt-based public shareholding company engaged in the construction supplies industry sector. The company is primarily involved in the production and distribution of sanitary ware sets and ceramic tiles.

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