South Valley Cement sees loss decline

South Valley Cement reported a 24% Year on Year decline in its net loss in the first nine months

  
ArabFinance: South Valley Cement reported a 24% Year on Year decline in its net loss in the first nine months of 2020, according to the company’s December 1stfinancial statements filed to the Egyptian Exchange.

Net loss stood at EGP 132,814,698 in the January-September 2020, compared to EGP 173,966,435 achieved in the prior-year period.

The company reported a 30.75% Year on Year decline in its net loss in the first half (H1) of 2020.

South Valley Cement is an Egypt-based company engaged in the manufacture of cement and its associated products, as well as a range of building materials products. The company’s product portfolio consists of three main categories: clinker, portland ordinary cement, and ready-mix concrete.

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