Misr Cement - Qena (MCQE)

Cairo – Mubasher: Misr Cement – Qena posted a 12% year-on-year (YoY) decline in consolidated net profit to EGP 115 million in 2023 from EGP 132 million a year earlier. The company’s consolidated net sales, on the other hand, surged 43% YoY to EGP …

Cairo – Mubasher: Misr Cement – Qena posted lower consolidated net profits at EGP 41.35 million in the first nine months (9M) of 2023, versus EGP 119.52 million in 9M-22. Revenues amounted to EGP 2.83 billion in 9M-23, an annual hike of 44% from …

Cairo – Mubasher: The consolidated net profits after tax of Misr Cement – Qena hit EGP 63.68 million in the first half (H1) of 2023, versus EGP 85.69 million in H1-22, including minority shareholders' rights. Net sales hiked to EGP 1.90 billion in …

Cairo – Mubasher: The shareholders of Misr Cement – Qena agreed to increase the company’s issued and paid-up capital by EGP 240 million, according to a bourse disclosure. The capital hike amount will be distributed over 24 million shares at a …

Cairo – Mubasher: The ordinary general meeting (OGM) of Misr Cement – Qena agreed to pay out a cash dividend of EGP 0.75 per share for 2022, instead of EGP 0.50 per share. The distributable net profits amounted to EGP 72.26 million as of 31 …

Cairo – Mubasher: Misr Cement – Qena posted consolidated net profits after tax worth EGP 131.61 million in 2022, down from EGP 173.89 million in 2021, including minority interest. The sales reached EGP 2.81 billion in the 12-month period that …

Cairo – Mubasher: The consolidated net profits after tax of Misr Cement - Qena declined by 20% to EGP 96.89 million in the first nine months (9M) of 2022, compared to EGP 122.06 million in 9M-21, including non-controlling interest. The net sales …

Cairo – Mubasher: Misr Cement - Qena posted consolidated net profits after tax worth EGP 85.69 million during the first half (H1) of 2022, an annual surge of around 24% from EGP 69.10 million. Net sales went up by 1% year-on-year (YoY) to EGP 1.29 …

Cairo – Mubasher: Misr Cement - Qena started the self-operation and maintenance process of its plant in Qena earlier in J uly to boost performance efficiency. This step came in line with the company’s growth strategy to reduce operating costs and …

Cairo – Mubasher: Misr Cement - Qena registered a 161.48% year-on-year (YoY) rise in the consolidated net profits to EGP 80.85 million in the first quarter (Q1) of 2022, compared to EGP 30.92 million in the same period of 2021. The company …

Cairo – Mubasher: Misr Cement - Qena achieved an increase in consolidated net profits, including minority interest, to EGP 173.89 million in 2021 from EGP 23.01 million in 2020. Net sales soared to EGP 2.52 billion last year from EGP 2.51 billion …

Cairo – Mubasher: Misr Cement – Qena Group recorded an annual leap of 211% in net profits to EGP 122 million during the first nine months of 2021 from EGP 39 million in the same period last year. Net sales amounted to EGP 1.89 billion in …

By: Heba El-Kordy Cairo – Mubasher: Companies operating in the production of iron, cement, and fertilisers disclosed to the Egyptian Exchange (EGX) the impact of the government's decision to increase natural gas prices for factories by about 28% …

Cairo – Mubasher: Misr Cement - Qena approved the amended standalone financial targets in the 2021 budget in light of the Egyptian Competition Authority's (ECA) decision to reduce the output of portland cement in the local market.  The cement …

Cairo – Mubasher: Misr Cement - Qena reported a rise in its consolidated net profits for the first half (H1) of the year by 9.5% to EGP 69 million, despite a decline in net revenues by about 4.5% to about EGP 1.29 billion. The cost of sales …

Cairo – Mubasher: Misr Cement Co. (Qena) logged EGP 30.92 million in net profits during the first quarter (Q1) of 2021, down by 33.6% year-on-year (YoY) from EGP 46.59 million, including minority shareholders' rights.  The cement producer’s sales …

Cairo – Mubasher: Misr Cement Co. (Qena) reported on Wednesday its financial results for 2020, announcing that it was able to achieve positive results despite the challenges of the Coronavirus pandemic. Misr Cement Co. (Qena) reported an increase …

Cairo – Mubasher: Misr Cement Co. (Qena) reported consolidated net profits of EGP 39.20 million during the third quarter (Q3) of 2020, up by 31.79% year-on-year (YoY) from EGP 29.70 million. On the other hand, revenues declined to EGP 1.844 …

Cairo – Mubasher: Misr Cement – Qena posted a 330% year-on-on-year (YoY) leap in its net profits, logging EGP 63.25 million in the first half (H1) of 2020, compared to EGP 14.69 million, including minority shareholders’ rights. The company’s sales …

Cairo – Mubasher: Misr Insurance Company and Misr Life Insurance Company lowered their stakes in Abu Qir Fertilizers, Misr Asset Management said in a statement to the Egyptian Exchange (EGX) on Tuesday. Misr Insurance Company sold 12.9 million …

Cairo – Mubasher: Misr Insurance Company lowered its stake in Misr Cement – Qena to 4.68% from 9.3%, Misr Asset Management said in a statement to the Egyptian Exchange (EGX) on Tuesday. The insurance firm sold 3.33 million shares for EGP 20.74 …

By: Fahd Omran Cairo – Mubasher: Misr Cement – Qena posted a 292% year-on-year (YoY) hike in its consolidated net profits to EGP 47 million in the first quarter of 2020 from EGP 12 million. Consolidated revenues grew to EGP 816 million in the …

Cairo – Mubasher: The ordinary general meeting (OGM) of Misr Cement – Qena approved cash dividend distribution for 2019. The cement producer’s shareholders decided to distribute EGP 0.25 per share as cash dividends for last year’s earnings in May, …

Cairo – Mubasher: Misr Cement – Qena reported an 84% year-on-year slump in its consolidated net profits to EGP 16.45 million during 2019 from EGP 104.39 million, including minority shareholders’ rights. Meanwhile, the company’s sales fell to EGP …

Cairo – Mubasher: The consolidated financial statements of Misr Cement – Qena showed a 67% year-on-year profit slide during the first nine months of 2019.   Net profits plunged to EGP 29.7 million in the nine-month period ended 30 September, …