Cairo – Mubasher: Arabian Cement on Wednesday reported a 7.4% year-on-year increase in consolidated profit during the full-year 2018.

The firm’s profits amounted to EGP 231.6 million last year, compared to EGP 215.6 million in 2017, including minority shareholders’ rights, the company said in a filing to the Egyptian Exchange (EGX) on Wednesday.

The cement producer’s sales revenues increased to EGP 3.27 billion in 2018, against EGP 2.6 billion in the prior year.

In addition, the EGX-listed company logged EGP 233.6 million in standalone profits last year, versus EGP 217.4 billion in 2017.

During the first nine months of 2018, Arabian Cement’s profits grew to EGP 214.8 million, from EGP 167.6 million in the year-ago period.