Arab Valves reports EGP 4.4M net profits in Q1 2022

Updated 5/23/2022 8:05:00 AM

ArabFinanceArab Valves Company (ARVA) has reported a net profit after tax of EGP 4.382 million during the first quarter (Q1) of 2022, up from EGP 34,408 in the same quarter a year earlier, according to financial statements filed to the Egyptian Exchange (EGX) on May 22nd.

Net sales surged to EGP 32.728 million in Q1-2022, from EGP 13.594 million in Q1-2021.

Arab Valves is an Egypt-based public shareholding company engaged in designing and manufacturing brass valves and fittings.

The company’s product portfolio includes several types of valves, tabs, blenders, and fittings in different sizes and applications. It also produces a range of ores, which are used in a number of industrial applications.