South Valley Cement reported a 24% Year on Year decline in its net loss in the first nine months
By Staff Writer, Arab Finance
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.
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
Get Zawya's daily newsletter for insightful and exclusive Middle East perspectives on business and finance. SUBSCRIBE NOW