Egypt: Misr Cement Group has announced an increase in its financial performance for 2024, reporting a net profit of US$5.4m. This represents a 136% increase year-on-year compared to 2023, when it made just US$2.3m. The company said that its growth underscored its successful cost optimisation, operational efficiency and market expansion policies, despite economic challenges.
Hassan Gabry, managing director and CEO of Misr Cement Group, said “The significant profit increase is a testament to the strength of our strategies and the efficiency of our management. We remain committed to expanding both locally and internationally while reinforcing our leadership in the cement industry across the region.”
