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Aracemco H1 profit slides 4% to EGP51.6 mln

Aracemco H1 profit slides 4% to EGP51.6 mln
Remas
CERA
6.85% 1.56 0.10
Tile producer Arab Ceramic Co. (Aracemco) posted financial results for H1-14, which mirrored EGP 51.601 million net profit, representing a decline by 4.3% compared with EGP 53.930 million net profit in the same period a year earlier.
The company operates with issued and paid-in capital of EGP 125 million, divided into 31.25 million shares at EGP 4 par value each.