Arab Finance: Misr Beni Suef Cement Company (MBSC) posted a 134.91% year-on-year (YoY) increase in net profit after tax for the first half (H1) of 2023, according to the financial statement filed to the Egyptian Exchange (EGX) on August 2nd.

Net profit after tax stood at EGP 104.851 million in the six-month period ended June 30th, compared to EGP 44.634 million in the same period of 2022

Sales amounted to EGP 807.726 million in H1 2023, growing from EGP 725.931 million in H1 2022.

Established in 1997, MBSC operates within the materials sector focusing on construction materials.

MBSC is located in the center of Egypt, 190 km south of Cairo. It started production in 2003 with a plant of one cement production line. In 2006, the company built one new cement production line.

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