Alexandria Cement

Alexandria Cement
Published: 19 August 2004

Alexandria Cement posted 1H FY04 results ending June, wherein the company incurred a LE17.6 million net loss down from a net loss LE23.1 million recorded in the comparable period last year. Meanwhile sales revenue surged a remarkable 56.1% to settle at LE156.9 million versus a comparable LE100.5 million.  The bottom line loss stemmed from a high COGS/Revenue ratio of 92.3%, a 60bps decline versus a previous 91.7%.