Mubasher TV
Contact Us Advertising   العربية

Misr Cement Q1 consolidated profits down 27%

Misr Cement Q1 consolidated profits down 27%
(Photo credit: Arabianeye - Reuters)
Misr Cement - Qena
MCQE
-1.55% 17.79 -0.28

Cairo – Mubasher: Misr Cement – Qena’s consolidated net profit for the first quarter of fiscal year 2017 declined 27% to EGP 50.51 million, versus EGP 69.44 million for Q1-16.

Sales decreased in Q1-17 to EGP 625.5 million from EGP 723.06 million in Q1-16, according to a bourse filing released on Sunday.

Standalone profit for Q1-17 increased 75.5% to EGP 64.4 million, compared to EGP 36.68 million for Q1-16.