Misr Cement – Qena reports EGP 146M consolidated profits in 2021
Updated 3/1/2022 11:18:43 AM
ArabFinance: Misr Cement – Qena (MCQE) posted a consolidated profit attributable to the parent company of EGP 146.060 million in 2021, from EGP 33.849 million in 2020, according to financial statements field to the Egypt Exchange (EGX) on Tuesday.
Net sales inched up to EGP 2.528 billion in the full year ended December 31st 2021, from EGP 2.518 billion in 2020.
Moreover, the company’s standalone profits after tax increased to EGP 93.81 million in 2021, from EGP 47.375 million in 2020, financial statements showed.
Misr Cement – Qena is engaged in the manufacturing and marketing of cement and cement-related products in Egypt and abroad.
The company is involved in the production and distribution of construction materials, as well as dealing in all types of construction supplies and equipment.
