South Valley Cement turns to loss

South Valley Cement is an Egypt-based company engaged in the manufacture of cement and its associated products

  
ArabFinance:South Valley Cement Company (SVCE) suffered a net loss of EGP 316,348,814 in 2019, against a net profit of EGP 10,189,909 achieved in 2018, according to the company's July 5th financial statements filed to the Egyptian Exchange.

In the first nine months of 2019, the company incurred a net loss of EGP 173,966,435, a 930% rise from EGP 16,883,999 recorded in the corresponding period.

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.

Copyright © 2020 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

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.

More From Equities