Cairo - Mubasher: MubasherTrade Research maintained the Buy/Low Risk rating for Arabian Cement Company, with a price target (PT) of EGP 11.13 per share, implying an expected total return of 35%, according to a report issued Monday.

Arabian Cement reported a hike in profits for the third quarter of 2017 by 561% year-on-year, due to higher sales.

Profits reached EGP 95.9 million in Q3-16, up from EGP 14.5 million in Q3-16, as sales increased to EGP 674.5 million from EGP 531.4 million.