Arabian Cement’s consolidated profits soar 90.8% YoY in 9 months
Updated 11/15/2023 11:33:00 AM
Arab Finance: Arabian Cement Company’s (ARCC) consolidated net profits attributable to the parent company rose 90.75% year on year to EGP 500.252 million during the first nine months of 2023, compared to EGP 262.245 million, the firm stated on November 15th.
Moreover, the company generated consolidated sales of EGP 4.603 billion in the nine-month period ended September 30th, growing from EGP 3.433 million in the same period of last year.
At the level of standalone results, the company posted net profits after tax of EGP 502.695 million from January to September, compared to EGP 244.741 million during the first nine months of 2022.
Meanwhile, standalone sales logged EGP 4.526 billion, up from EGP 3.334 billion.
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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