Cairo – Mubasher: Arab Ceramics Company’s earnings declined in the first quarter of fiscal 2016 by 16.48% year-on-year.
Net profit reached EGP 14.33 million ($1.62 million) in Q1-16, versus EGP 17.15 million ($1.94 million) in Q1-15, according to the company’s financial statements.
The company earlier posted a net profit of EGP 28.27 million ($3.19 million) in 2015, 55.6% down from EGP 63.78 million ($7.19 million in 2014.
