Cairo – Mubasher: Arabian Cement on Monday posted a 196.6% year-on-year hike in consolidated profits for the first half of 2018.

Net profit stood at EGP 212.76 million in the six-month period ended June, up from EGP 71.71 million in the year-ago period, the company said in a filing to the Egyptian Exchange (EGX).

Revenues rose to EGP 1.64 billion at the end of June, versus EGP 1.22 billion in H1-17.

Meanwhile, standalone profits surged to EGP 213.3 million in H1-18, compared to EGP 71.51 million in the corresponding period of 2017.

Arabian Cement previously reported an EGP 162 million in consolidated profits for the three-month period ended March, compared to EGP 59.7 million in Q1-17