Saturday 22 Feb
Financial statements released by the Arab Ceramics Company - Ceramica Remas reveal a significant drop in profitability for 2024. The company's profits decreased by 33.27% year-on-year, falling from 88.04 million pounds in 2023 to 58.74 million pounds in 2024.
Net sales for Ceramica Remas rose to 1.88 billion pounds in the past year, a significant increase from 1.28 billion pounds. Despite this, the company's profits for the first nine months of 2024 declined to 56.41 million pounds, down from 67.24 million pounds in the corresponding period of 2023.
Net sales for the first nine months of the previous year rose to 1.35 billion pounds, up from 981.31 million pounds in the same period the year before last.
