Gemma posts profit growth in Q4
Updated 3/18/2021 11:24:00 AM
ArabFinance: El Ezz Porcelain (Gemma) (ECAP) achieved a net profit of EGP 15.67 million during the fourth quarter (Q4) of 2020, compared to EGP 10.42 million in Q4 2019, according to the company’s statement to the Egyptian Exchange on March 18th.
The company’s unaudited financial statements showed that the company suffered a net loss of EGP 13.63 million in 2020.
Gemma suffered a net loss of EGP 29.37 million in the first nine months of 2020, versus a net profit of EGP 42.05 million in the same period of 2019.
Established in 1989, Gemma has become the leading manufacturer of high-end Ceramic and Porcelain tiles in Egypt and the Middle East.
