Arab Valves Company reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was EGP 56.86 million compared to EGP 32.86 million a year ago. Net income was EGP 10.64 million compared to EGP 3.64 million a year ago. Basic earnings per share from continuing operations was EGP 0.1279 compared to EGP 0.0439 a year ago.
For the six months, sales was EGP 82.52 million compared to EGP 65.59 million a year ago. Net income was EGP 12.25 million compared to EGP 8.03 million a year ago. Basic earnings per share from continuing operations was EGP 0.1479 compared to EGP 0.0969 a year ago.