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Arabian Cement profit surges 171% in Q1

Arabian Cement profit surges 171% in Q1
The cement producer's revenues rose to EGP 913.9 million in January - March
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Cairo – Mubasher: Arabian Cement’s consolidated financial results showed a 171% year-on-year jump in its profits during the first quarter of 2018.

The firm’s profits amounted to EGP 162 million in the three-month period ended March 2018, compared to EGP 59.7 million in Q1-17, according to a bourse filing.

The cement producer's revenues rose to EGP 913.9 million in January - March, from EGP 686.8 million in the comparative period of 2017.

The EGX-listed company generated a consolidated profit of EGP 160.9 million in Q1-18, up from EGP 59.1 million in the prior-year period.