GEMMA swings to profits in 9M

Cairo – Mubasher: Al Ezz for Ceramics and Porcelain (GEMMA) turned to net profits of EGP 83.15 million in the first nine months of 2021, versus net losses of EGP 29.3 million in the year-ago period. 

The company's revenues surged to EGP 1.01 billion in the nine-month period ended 30 September, compared to EGP 675.28 million in the same period in 2020, according to a bourse disclosure on Thursday. 

In the first half (H1) of 2021, the company logged net profits of EGP 52.11 million, against net losses of EGP 20.98 million in H1-20.

Mubasher Contribution Time: 11-Nov-2021 13:56 (GMT)
Mubasher Last Update Time: 11-Nov-2021 13:56 (GMT)