Cairo – Mubasher: Misr Cement – Qena said its profits after tax for the first quarter of 2016 declined by 14.4% year-over-year to EGP 69.4 million from EGP 81.1 million, according to the consolidated financial results.
Before taxes, the company earned EGP 102.8 million for Q1-16, compared with EGP 113.1 million for the year-ago quarter.
In April, the company said its Q1standalone profits after tax reached EGP 36.6 million, down 54.7% year-on-year from EGP 81.1 million.
