ArabFinance: Arabian Cement Company (ARCC) incurred a consolidated net loss of EGP 5,635,625 for the first half (H1) of 2020, according to the company’s August 13th financial statements filed to the Egyptian Exchange.
In H1 2019, the company posted a net profit of EGP 25,379523.
Standalone net loss reached EGP 3,782,932 in H1, against a net profit of EGP 26,765,709 posted in H1 of 2019.
The company distributed a cash dividend of EGP 0.470 per share payable on December 19th to shareholders recorded on December 16th.
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.
