Cairo – Mubasher: Arabian Cemen reported a decline of 88% in net profits for the third quarter of 2016.
The cement producer saw net profits of EGP 14.5 million for Q3 – 2016, down from EGP 121.7 million a year earlier.
As for the first nine months of 2016, the company reported a decrease of 36% in net profits as it reached EGP 157.6 million compared with EGP 246.14 million for the corresponding period of 2015.
