Cairo – Mubasher: Arab Ceramic Co. (Aracemco) posted EGP 44.88 million net profit for the first nine months of 2015, down 37% year-on-year from EGP 71.51 million.

Meanwhile, the third quarter’s net profits came in at EGP 16.09 million, compared with EGP 19.9 million in the prior-year period.

The ceramics producer previously reported a 44% fall in H1 net profits.