Cairo – Mubasher: Al Ezz for Ceramics and Porcelain saw a decrease in 2015 profits by 56% year-over-year to EGP51.3 million from EGP22.6 million.

The board of directors recommended paying out cash dividends for 2015 at EGP 0.25 per share, totaling EGP12.7 million.

The decline in 2015 profits is ascribed to the company’s revenues that fell by10% year-on-year to EGP600.7 million from EGP665.6 million.

In the first nine months of 2015, the company’s profits decreased by 65% to EGP14.26 profits compared with the year-ago period.