ARCC 2Q17 bottom line came in 90% lower Y-o-Y, -80% Q-o-Q and missing our estimates
Arabian Cement Company ARCC reported 2Q17 results, sales came in at EGP540.8mn in line with estimates -6% Y-o-Y and -21 Q-o-Q, while earnings plunged 89% Y-o-Y, -80% Q-o-Q and were 76% below our estimates. Analyst comments will follow soon.
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