Arabian Cement Company S.A.E. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was EGP 1,068.43 million compared to EGP 532.42 million a year ago. Net income was EGP 60.64 million compared to net loss of EGP 16.95 million a year ago. Basic earnings per share from continuing operations was EGP 0.16 compared to basic loss per share from continuing operations of EGP 0.05 a year ago.
For the six months, sales was EGP 2,129.46 million compared to EGP 964.87 million a year ago. Net income was EGP 119.49 million compared to net loss of EGP 23.29 million a year ago. Basic earnings per share from continuing operations was EGP 0.31 compared to basic loss per share from continuing operations of EGP 0.07 a year ago.