Arab Ceramics (Aracemco) reported net profits of EGP 17.155 million for the first quarter of 2015, down of 26.5% from EGP 23.328 million for the same period of the previous year.
The company's revenues reached EGP 108.766 million in Q1/FY15, against EGP 109.665 million for the corresponding period of the previous year.
Meanwhile, the cost of goods sold surged to EGP 79.677 million in Q1/FY15, against EGP 76.019 million in Q1/FY14.
Aracemco is capitalised at EGP 125 million, distributed across 125 million shares at EGP 1 par value each.
