Rubex International swings to profitability in 2021
Updated 3/1/2022 11:27:09 AM
ArabFinance: Rubex International for Plastic and Acrylic Manufacturing (RUBX) turned to profitability in 2021, according to financial statements filed to the Egyptian Exchange (EGX) on Tuesday.
The company reported a net profit after tax of EGP 688,561 in the full year ended December 31st 2021, versus a net loss of EGP 1.262 million in 2020.
Revenue grew to EGP 200.136 million in 2021, from EGP 179.403 million in 2020.
Rubex is an Egypt-based joint-stock shareholding company engaged in acrylic and plastic products manufacturing.
The company manufactures and distributes household plastic and acrylic products that include acrylic bathtubs and corner bathtubs, acrylic shower trays, acrylic bathroom panels, and others.
