Misr Cement Qena (MCQ) posted a rise by 23.6% in net profit for the first nine months of FY14 to EGP 243.2 million, compared with EGP 196.7 million in the same period a year earlier.
The company’s financial results for H1-14 had shown a rise in net profit by 14% to EGP 165.3 million, compared with EGP 144.9 million in the same period a year earlier.
The company’s sales totaled EGP 559 million, compared with EGP 445.8 million in H1-13. Q1 financial results had mirrored a drop by 10% in net profit to EGP 72.7 million, compared with EGP 80.4 million in the same period a year earlier. FY13 profit had netted EGP 272 million, compared with EGP 321 million net profit a year earlier.