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 - CleanTech & Venture Capital
Our guest for this episode of the World Cement Podcast is Alfredo Carrato, Venture Capital Advisor for CEMEX Ventures. Listen in to the conversation as World Cement's Senior Editor, David Bizley, and Alfredo discuss the role of venture capital and cleantech in enabling the cement industry's green transition.
Tune in to the World Cement Podcast on your favourite podcast app today.