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Misr Beni Suef Cement logs EGP 48m profits in Q1-22

Misr Beni Suef Cement logs EGP 48m profits in Q1-22
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Misr Beni Suef Cement
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Cairo – Mubasher: Misr Beni Suef Cement (MBSC) has registered net profits after tax worth EGP 47.65 million during the first quarter (Q1) of 2022, a surge from EGP 37.42 million in Q1-21.

The company's revenues leaped to EGP 436.38 million in Q1-22 from EGP 255.92 million in Q1-21, according to a bourse disclosure on Monday.

Meanwhile, the earnings per share (EPS) stood at EGP 0.57 in the January-March 2022 period, versus  EGP 0.45 during the same period a year earlier.

It is worth noting that last year, Misr Beni Suef Cement reported net profits after tax of EGP 169.05 million, higher than EGP 76.38 million in 2020.