Arabian Cement: Q1 Net Profit Hits $16.4 million

Egypt’s Arabian Cement Company reported a consolidated net profit of EGP 117 million (US$16.4 million) for the first quarter of 2014.

Meanwhile, the standalone business results showed that the company recorded a Q1/14 net profit of EGP 116.4 million (US$16.34 million), compared to EGP 79.3 million (US$11.1 million) for the same period a year earlier.

In 2013, ACC achieved a net profit amounting to EGP 419.3 million (US$58.8 million).