Cairo – Mubasher: Arab Ceramic Co. reported a decline of 76.6% in net profits for the third quarter of 2016.

The company posted net profits of EGP 3.76 million for Q3 – 2016, down from EGP 16.09 million a year earlier.

As for the first nine months of 2016, the company reported net profits of EGP 38.3 million down from EGP 44.88 million for the comparable period of the previous year.