Misr Beni Suef Cement sees lower profit

Profit declines compared to last year

  

ArabFinance: The board of directors of Misr Beni Suef Cement Company (MBSC) approved the unaudited financial statements during the first quarter (Q1) of 2021, according to the company’s filing to the Egyptian Exchange on June 9th.

Net profit stood at EGP 37.42 million in Q1 2021, compared to EGP 59.37 million in the same period of the prior year.

In 2020, the listed company recorded a net profit of EGP 76.38 million.

Established in 1997, MBSC operates within the materials sector focusing on construction materials.

MBSC is located in the center of Egypt, 190 km south of Cairo. It started production in 2003 with a plant of one cement production line. In 2006, the company built one new cement production line.

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