Misr Cement profits decline 14.65% in 2015

Cairo - Mubasher: Misr Cement – Qena reported a decline of 14.65% y-o-y in net profits for the year ended 31 December 2015.

The company saw net profits of EGP 267.1 million in 2015, compared with EGP 312.9 million a year earlier.

Meanwhile, the company reported revenues of EGP 1.1 billion in 2015, against EGP 1.15 billion in 2014.

Earlier, the firm financial indicators for the first nine months of 2015 have reflected net profits of EGP 231.5 million up 4.78% from EGP 243.16 million for the similar period of the preceding year.

Mubasher Contribution Time: 24-Jan-2016 12:37 (GMT)