Suez Bags Company S.A.E. Reports Consolidated Earnings Results for the Quarter Ended March 31, 2012
Suez Bags Company S.A.E. reported consolidated earnings results for the quarter ended March 31, 2012. For the quarter, the company reported sales of EGP 1,226,711,648 against EGP 1,421,084,343 a year ago. Operating profit was EGP 219,187,102 against EGP 381,297,102 a year ago. Profit before income tax was EGP 225,125,309 against EGP 409,816,504 a year ago. Profit for the period was EGP 141,232,319 against EGP 277,403,364 a year ago. Net cash flow provided operating activities was EGP 166,372,242 against EGP 256,525,307 a year ago. Payments to acquire fixed assets were EGP 865,770 against EGP 16,178,568 a year ago.