South Valley Cement loss shrinks in Q1

This marked a Year on Year (YoY) decline of 14%

  

ArabFinance: South Valley Cement incurred a net loss of EGP 35.692 million in quarter one (Q1) 2021, according to the company’s financial statements filed to the Egyptian Exchange.

This marked a Year on Year (YoY) decline of 14% when compared to EGP 41.391 million in Q1 2020.

The company’s net loss stood at EGP 250.594 million in 2020, compared to EGP 316.349 million incurred in 2019.

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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