Arab Valves’ profit soars 1,352.7% YoY in 6 months
Updated 8/14/2022 1:07:00 PM
Arab Finance: Arab Valves Company’s (ARVA) net profit after tax ballooned by 1,352.7% year-on-year (YoY) during the first six months of 2022, recording EGP 8.026 million, according to a financial statement filed to the Egyptian Exchange (EGX) on August 14th.
The company’s revenue surged to EGP 65.585 million in the six-month period ended June 30th from EGP 26.616 million in the year-before period.
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.
