Arab Valves Company’ net profits jump 52.6% YoY in H1

Updated 8/14/2023 10:07:00 AM
Arab Valves Company’ net profits jump 52.6% YoY in H1

Arab Finance: Arab Valves Company (ARVA) has reported a 52.6% year-on-year (YoY) growth in net profits after tax during the first half (H1) of 2023, according to the financial statement filed to the Egyptian Exchange (EGX) on August 14th.

The company has recorded EGP 12.24 million in net profit after tax, compared to EGP 8.025 million in H1 2022.

Net sales rose to EGP 82.522 million in H1 2023 from EGP 65.585 million in H1 2022.

Arab Valves Company is mainly engaged in establishing and operating factories that manufacture and assemble metal valves, taps and blenders.