Misr Beni Suef Cement profit skyrockets
Updated 11/11/2020 2:40:00 PM
ArabFinance: Misr Beni Suef Cement Company (MBSC) reported a 90% Year on Year leap in its net profit in the first nine months of 2020, according to the company’s November 11th financial statements filed to the Egyptian Exchange.
Net profit after tax stood at EGP 127,272,953 in the January-September period of 2020, compared to EGP 67,112,263 achieved in the prior-year period.
The company distributed 75 million bonus shares for 2019 on October 28th.
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 1 cement production line, last 2006 year built 1 new cement production line.
