Cairo – Mubasher: Misr Cement – Qena’s consolidated profits for the first quarter of fiscal year 2017 declined 27.7% to EGP 50.16 million, compared to EGP 69.44 million for Q1-16.

Standalone profits for Q1-17 rose 75.5% to EGP 64.4 million from EGP 36.68 million for Q1-16, according to a bourse filing.

Revenues for Q1-17 shrank to EGP 261.7 million, compared to EGP 289.9 million for Q1-16.