Arab Finance: Arabian Cement Company’s (ARCC) consolidated net profits attributable to the parent company rose 182.01% to EGP 337.091 million during the first half (H1) of 2023, compared to EGP 119.494 million in H1 2022, according to the company’s financial statements filed to the Egyptian Exchange (EGX) on August 14th.

Moreover, the company generated consolidated sales of EGP 3.184 billion in the six-month period ended June 30th, growing from EGP 2.129 million in the same half of last year.

At the level of standalone results, Arabian Cement has posted a net profit after tax of EGP 340.558 million in H1 2023, compared to EGP 105.954 million during the first six 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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