Arab Valves Company reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was EGP 32.86 million compared to EGP 13.02 million a year ago. Net income was EGP 3.64 million compared to EGP 0.518057 million a year ago. Basic earnings per share from continuing operations was EGP 0.0439 compared to EGP 0.0063 a year ago.
For the six months, sales was EGP 65.59 million compared to EGP 26.62 million a year ago. Net income was EGP 8.03 million compared to EGP 0.552465 million a year ago. Basic earnings per share from continuing operations was EGP 0.0969 compared to EGP 0.0067 a year ago.