Arabian Cement Company S.A.E. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was EGP 1,303.99 million compared to EGP 677.92 million a year ago. Net income was EGP 142.75 million compared to EGP 0.06537 million a year ago. Basic earnings per share from continuing operations was EGP 0.37 compared to basic loss per share from continuing operations of EGP 0.01 a year ago.
For the nine months, sales was EGP 3,433.45 million compared to EGP 1,642.78 million a year ago. Net income was EGP 262.25 million compared to net loss of EGP 23.22 million a year ago. Basic earnings per share from continuing operations was EGP 0.68 compared to basic loss per share from continuing operations of EGP 0.08 a year ago.