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Misr Beni Suef Cement profits down 72% in 9M

Misr Beni Suef Cement profits down 72% in 9M
Profits amounted to EGP 67.11 million from January to September 2019
Misr Beni Suef Cement
MBSC
-11.86% 14.19 -1.91

Cairo – Mubasher: Misr Beni Suef Cement (MBSC) Company reported a decline in profits during the first nine months of 2019 by 72%, as shown by the company’s financial statements.

Profits amounted to EGP 67.11 million from January to September 2019, compared with EGP 237.8 million for the corresponding period in 2018.

Meanwhile, revenues decreased to EGP 1.36 million in the nine-month period, down from EGP 1.45 million for the same period last year.