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Egypt's Suez Cement reports Q3 net loss

Published by
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/

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