ArabFinance: Arabian Cement Company (ACC) (ARCC) expected a sale decrease in the Egyptian market by 26% following the Egyptian Competition Authority resolution to reduce the Portland cement, according to the company statement filed to the Egyptian Exchange.

However, ACC anticipated a net profit increase due to the cement price rise in the upcoming period.

The cement company suffered a consolidated net loss of EGP 6.334 million in quarter one of 2021.

Arabian Cement is an Egypt-based company engaged in the manufacture of cement and concrete. Its products include clinker and ready-mix concrete, in addition to Al Mosalah, Al Tahrir, and El Sadd cement.

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