The Ordinary General Assembly of Arabian Cement Company decided to approve the report issued by the Board of Directors and the auditor and the financial statements for the past year.
The Ordinary General Assembly of Arabian Cement Company also approved the dividend distribution list.
The Ordinary General Assembly of the Arabian Cement Company decided to distribute EGP 249.96 million to the shareholders, with a cash coupon per share of EGP 0.66.. The Arab Cement lists also revealed that it had transformed from previous losses into profits, during the first 9 months of this year.
The company also achieved a net profit of 262.26 million pounds during the period from January to September, compared to 23.21 million pounds in losses in the comparative period of 2021. The company’s revenues increased in 9 months to 3.43 billion pounds, compared to 1.64 billion in the comparative period of 2021.
Arabian Cement had previously achieved a net profit of EGP 119.5m during the period from January to the end of last June, compared to losses of EGP 23.28m in the comparative period of 2021, taking into account minority rights. The company’s sales revenues increased during the first half of this year to 2.12 billion pounds, compared to 964.8 million pounds in the comparative half of last year.