Egypt’s Misr Cement (Qena) has reported an 85.2 per cent YoY fall in profit to EGP14.69m (US$886,660) for the first six months of 2019, compared to EGP99.37m in the year-ago period. General and administrative expenses rose to EGP79.16m from EGP57.18m in the 1H18.
Standalone results saw the company’s net profit decline 84.7 per cent YoY to EGP8.09m from EGP52.84m.

Heidelberg North America completes US acquisitions
Heidelberg Materials North America announced today that it has completed the acquisition of G...