GEMMA posts 28% YoY profit increase in 2023

Updated 3/4/2024 9:53:00 AM
GEMMA posts 28% YoY profit increase in 2023

Arab Finance: Al Ezz for Ceramics and Porcelain (GEMMA) reported a 28.3% year-on-year (YoY) increase in net profits after tax in 2023 to EGP 219.514 million, compared to EGP 171.124 million, the firm disclosed on March 4th.

Meanwhile, the company garnered EGP 2.539 billion in sales, up from EGP 1.899 billion in 2022.

Established in 1989, GEMMA operates in the construction supplies industry. It distributes its products to local commercial and residential clients, as well as exports to the Middle East, Europe, and North America.

 

 

Related News