Cairo – Mubasher: Misr Cement – Qena on Sunday reported a 44% year-on-year surge in consolidated profits for the first half of 2018, recording EGP 99.3 million from EGP 68.9 million,

The company’s sales increased to EGP 1.4 billion in the six-month period ended June, versus EGP 1.2 billion in the year-ago period, Misr Cement said in a filing to the Egyptian Exchange (EGX).

Meanwhile, standalone profits dropped to EGP 52.8 million, against EGP 57 million in H1-17.

Misr Cement previously posted a net profit of EGP 63.1 million in the three-month period ended March, compared to EGP 65.6 million in the same period a year earlier.