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Arabian Cement H1 profit dips 41% y/y to EGP108.3 mln

Arabian Cement H1 profit dips 41% y/y to EGP108.3 mln
ACC
ARCC
-1.67% 12.92 -0.22
The board of Arabian Cement Co. ratified financial indicators for the six-month period that ended on June 30, 2014.
These indicators showed EGP 108.3 million net profit, with a decline by 41% compared with EGP 184.7 million in the same period a year earlier.
H1 total sales amounted to EGP 1.1 billion, compared with EGP 1 billion in H1-13.
The cement producer had posted EGP 117 million net profit in Q1-14.