Gemma registers profit of EGP 39M

Updated 6/16/2021 11:54:40 AM

ArabFinance:  El Ezz Porcelain (Gemma) (ECAP) posted a net profit of EGP 38.63 million in quarter one (Q1) 2021, according to the company’s unaudited financial statements filed to the Egyptian Exchange.

This marked a Year on Year (YoY) rise of 596% when compared to EGP 5.55 million in Q1 2020.

Gemma distributed annual cash dividends of EGP 1 per share on June 7th.

Established in 1989, Gemma has become the leading manufacturer of high-end Ceramic and Porcelain tiles in Egypt and the Middle East.