Arabian Cement’s profits drop 85% in 9 months

CAIRO – 17 November 2019: Arabian Cement Company (ACC) announced the decline of its profit 85 percent during the first nine months of 2019, recording LE 32.9 million, compared to LE 214.8 million including minority rights during the same months of 2018.

As per standalone results, the company recorded profits of LE 32.58 million during the first nine months of 2019, down from LE 215.1 million during the same months of 2018.

ACC announced earlier that its profits during the first six months of 2019 declined 88.1 percent, recording LE 25.3 million, compared to LE 212.77 million including minority rights during the same half of 2018.

Arabian Cement Company is listed on Egyptian Exchange (EGX) since March 2014. It operates within the materials sector focusing on Construction Materials. It has subsidiaries operating across Egypt, working on Trading Companies and Distributors, Coal and Consumable Fuels and Construction Materials.