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Misr Cement - Qena profits climb 12% in Q1

Misr Cement - Qena profits climb 12% in Q1
Photo Credit: Arabianeye-Reuters
Misr Cement - Qena
MCQE
-3.63% 16.47 -0.62

Misr Cement - Qena posted EGP 81.1 million in net profits in the first quarter of 2015, compared with EGP 72.7 million for the same period of the previous year, a rise of 11.6%.

The cement producer’s net profits stood at EGP 312.9 million for 2014, compared to EGP 271.44 million for the previous year.

The firm is capitalised at EGP 298.8 million, distributed across 29.9 million at EGP 10 par value each.