Egypt-based Misr Cement Group reported a net profit of EGP272m (US$5.38m) in 2024, up 136 per cent when compared with 2023. The increase is attributed to the company’s cost optimisation drive, operational efficiency and market expansion.
Hassan Gabry, MD and CEO of Misr Cement Group, commented: “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.”
He added: “Our strong financial performance reflects our ability to adapt to market changes and achieve sustainable growth. Supporting Egypt’s industrial sector and economic development remains a top priority for us.”
