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GEMMA nine-month profit slips 65%

GEMMA nine-month profit slips 65%
Photo Credit: Arabianeye - Reuters
Gemma
ECAP
1.58% 19.90 0.31

Cairo – Mubasher: El Ezz Ceramic & Porcelain (GEMMA) posted Thursday its financial results for the nine-month period ended 30 September, 2015.

These results showed EGP 14.26 million net profit after tax, down 65% from EGP 40.64 million reported in the same period a year ago.

The company earlier posted 59% decline in net profit for H1-15 to EGP 13.46 million, compared with EGP 32.96 million in H1-14.