Cement News tagged under: Alexandria Portland Cement
Alexandria Portland Cement reports widening net loss in 1H2005 August 2020, Published under Cement NewsEgypt’s Alexandria Portland Cement has announced its net loss widened 26 per cent YoY to EGP212.75m (US$13.29m) in the first half of 2020, up from EGP168.99m in the 1H19. The company’s sales dipped 10.4 per cent to EGP1.01bn in the January-June 2020 period, compared with EGP1.13bn in the corresponding period last year. |
Alexandria Portland Cement sees net loss contract in 1Q2014 May 2020, Published under Cement NewsEgypt’s Alexandria Portland Cement has seen its consolidated net loss contract 54 per cent YoY to EGP35.82m (US$2.27m) in the first quarter of 2020, compared to a loss of EGP77.58m in the year-ago period. Company revenues saw a minor fall in revenue to EGP575.1m from EGP581.3m. As for its standalone business, net losses widened to EGP28.57m from EGP27.73m in the 1Q19. |
Alexandria Development seeks 100% acquisition of Alexandria Portland Cement09 December 2019, Published under Cement NewsEgypt’s Alexandria Development Ltd (Titan Cement International) has announced its intention to acquire the remaining 11.07 per cent stake in Alexandria Portland Cement. It already owns 88.93 per cent of the company and is expected to offer EGP6/share (US$0.37/share) in cash for the remaining stake. Once the deal completes, the company would delist Alexandria Portland Cement from the Egyptian Exchange, according to Reuters. |
Alexandria Portland Cement sees net losses narrow in 9M1914 November 2019, Published under Cement NewsEgypt’s Alexandria Portland Cement has seen its consolidated net losses narrow by 61 per cent YoY to EGP96.58m (US$5.98m) during the first nine months of 2019, compared with losses of EGP245.7m recorded in the year-ago period. However, sales decreased by 26 per cent YoY to EGP1.636bn from EGP2.21bn. The company’s standalone losses also improved from EGP162m to EGP72m in January-September 2019. |
Alexandria Portland Cement sells plot of land13 September 2019, Published under Cement NewsEgypt’s Alexandria Portland Cement has sold an unexploited plot of land in Ad Dakhilah, according to a statement to the stock exchange. Situated on 15,852m 2 , the plot was sold for a consideration of EGP31.7m (US$1.9m). The company saw its losses widen 29.5 per cent YoY to EGP168.99m during the first half of 2019. |
Egypt: new licences may threaten Misr Cement04 July 2016, Published under Cement NewsThe Egyptian government will announce the results of the license 8 tender on 30 July, which will see the addition of new production capacity to compete with current companies in the market. Beltone Financial said that the future of Misr Cement-Qena’s market share is under threat, as the company currently occupies the second position in the market, following Cemex. Beltone has predicted that cement prices in the country will remain low, at a price of EGP500/t (US$56.33/t), until 2018, comp... |
Egypt: Alexandria Portland Cement Co sees EGP116m loss in 9M1509 November 2015, Published under Cement NewsEgypt’s Alexandria Portland Cement Company reported a EGP116m (US$14.4m) loss in the first nine months of 2015, in an official statement to the Egyptian Stock Exchange (EGX). This compares with a 9M14 profit of EGP71m. The latest results continue the trend noted in 1H15, where the company recorded losses worth EGP 67.7m, unlike in the first six months of 2014 when its profits stood at EGP 38.5m. |
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