Cairo – Mubasher: Misr Cement – Qena's unconsolidated profits declined 51% during the three-month period of 2016.
The company's profits reached EGP 32.6 million ($3.66 million) in Q2-16 from EGP 66.6 million ($7.48 million) in Q2-15, according to a bourse filing.
The cement company's unconsolidated profits reached EGP 73 million in H1-16 from EGP 147 million in H1-15, according to a bourse filing on Sunday.
Sales decreased 13.2% to EGP 237.38 million in Q2-16 from EGP 273.5 million in the same period of the previous year.
