Cairo – Mubasher: Misr Cement - Qena achieved an increase in consolidated net profits, including minority interest, to EGP 173.89 million in 2021 from EGP 23.01 million in 2020.

Net sales soared to EGP 2.52 billion last year from EGP 2.51 billion in 2020, according to a bourse filing.

As for the standalone income statements, Misr Cement generated higher net profits of EGP 93.81 million in 2021, compared with EGP 47.37 million a year earlier.

Earnings per share amounted to EGP 1.09 last year, up from EGP 0.58 in 2020.

The standalone net sales surged to EGP 1.24 billion in 2021 from EGP 1.15 billion in the previous year.

During January-September 2021 period, the cement manufacturer achieved net profits worth EGP 122 million.