Middle East Glass Manufacturing Company S.A.E. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was EGP 669.33 million compared to EGP 438.84 million a year ago. Net income was EGP 105.35 million compared to EGP 44.99 million a year ago. Basic earnings per share from continuing operations was EGP 2.09 compared to EGP 0.89 a year ago. Diluted earnings per share from continuing operations was EGP 1.61.
For the six months, sales was EGP 1,271.96 million compared to EGP 912.93 million a year ago. Net income was EGP 140.93 million compared to EGP 114.15 million a year ago. Basic earnings per share from continuing operations was EGP 2.8 compared to EGP 2.27 a year ago. Diluted earnings per share from continuing operations was EGP 2.16.