Cement News tagged under: Egypt National Cement Company
National Cement Co makes net loss of EGP744m before tax31 May 2018, Published under Cement NewsNational Cement Co of Egypt recorded a net loss of EGP744m (US$41.5m) before taxes during the first nine months of fiscal year 2017-18, compared to a loss of EGP615.6m in fiscal year 2016-17. The company's financial indicators showed a total loss of EGP486.1m during the same period of the current fiscal year, compared to EGP422.9m in the nine months of the previous year. The company attributed the loss to production difficulties and the poor condition of the kiln. Meanwhile, the A... |
Egypt: NCC incurs US$13.5m losses06 October 2016, Published under Cement NewsEgypt’s National Cement Company (NCC) incurred net losses of EGP119.9m (US$13.5m) during fiscal year 15-16, an improvement when compared to the EGP282.5m registered for the previous year. NCC chairman, Saeed Abdel Moty, reported that the company attained revenues of EGP858.8m in FY16-16 versus EGP756.5m a year earlier. Mr Moty added that NCC has recently invested approximately EGP1.0bn in its environmental improvement project. |
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