Cairo – Mubasher: Misr Cement – Qena announced 54.7% decline in the first quarter of 2016 as per the unaudited financial results.
In a bourse filing, the company reported a net profit after tax of EGP36.6 million in Q1-16, compared to EGP81.1 million the year-ago period.
Meanwhile, the cement producer’s net profits before tax declined to EGP44.2 million from EGP113.1 million.
In 2015, the company’s profits fell 14.7% year-over-year to EGP266.2 million from EGP312.9 million in 2014.
