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Aracemco's FY15 earnings fall 56%

Aracemco's FY15 earnings fall 56%
Photo Credit: Arabianeye - Reuters
Remas
CERA
-0.81% 1.23 -0.01

Cairo-Mubasher: Arab Ceramics Co. (Aracemco) posted EGP 28.27 million in net profit after tax for the fiscal year 2015, a drop of 55.6% year-on-year from EGP 63.78 million.

The ceramics producer earlier reported net profits of EGP 44.88 million for the first nine months of 2015.