Egypt's Suez Cement reports Q3 net loss
Published by Joseph Green,
Editor
World Cement,
Egypt's largest listed cement maker by market value, Suez Cement, has announced that it made a net loss of 50 million Egyptian pounds (US$6.23 million) in the third quarter compared with a net profit of 52 million pounds in 2014.
The company’s revenue dropped to 1.177 billion pounds in the three months ending September 30 from 1.442 billion.
Edited from source by Joseph Green. Source: Reuters Africa
Read the article online at: https://www.worldcement.com/africa-middle-east/03112015/egypt-suez-cement-reports-q3-net-loss-899/
You might also like
The World Cement Podcast - Securing success in Southeast Asia
Sayak Datta, Partner at Roland Berger joins the World Cement Podcast to dive into the details of a recent report highlighting five must-win themes for Southeast Asian cement producers.
Tune in to the World Cement Podcast on your favourite podcast app today.
