Cairo – Mubasher: Arabian Cement’s net profit for the second quarter of 2016 leapt 62.4% year-over-year to EGP 108.9 million from EGP 67.05 million, according to a bourse statement.
The cost of sale decreased to EGP 374.6 million during the same period, compared to EGP 416.3 million for the year-ago quarter.
Over the first six months, the company registered EGP 143 million profits versus EGP 124.4 million profits for the year-ago period.
By 2:10pm Cairo time, the stock stood at EGP 7.07, 3.97% higher.
Mubasher Contribution Time: 15-Aug-2016 12:33
(GMT)
Mubasher Last Update Time: 15-Aug-2016 15:21
(GMT)
