Egypt .. Rimas shares achieve the highest price in 46 months

The share of the Arab Ceramic -Rimas Ceramic Company, which is included in the Egypt Stock Exchange, rose by 0.64% during Sunday’s trading, to trade at 1.57 pounds per share, achieving its highest price in 46 months.

The trading on the Arabian shares of ceramics -Ramas ceramics at that time through 13.8 million shares, at a value of trading 21.61 million pounds.

The highest price for the share was at that time at 1.60 pounds, while the lowest price was at 1.54 pounds per share.

The financial statements of Al Arabiya Ceramor – Ceramica Remas showed a positive shift in its financial results during the first quarter of 2025, as the company succeeded in achieving profits after it was recorded losses during the same period of the previous year.

The company recorded a net profit of 10.18 million pounds during the period from January to the end of March 2025, compared to losses of 27.34 million pounds during the first quarter of 2024.

The net sales also increased during the first quarter of this year to 484.6 million pounds, compared to 403.78 million pounds during the same period last year.

In terms of annual performance, the company had achieved profits of 58.74 million pounds during the year 2024, compared to profits of 88.04 million pounds in 2023.

The company’s annual revenues increased to 1.88 billion pounds at the end of 2024, compared to 1.28 billion pounds in 2023, which reflects remarkable growth in sales despite the decline in net profits on an annual basis.