Egypt: Alexandria Portland Cement Co sees EGP116m loss in 9M15

Egypt: Alexandria Portland Cement Co sees EGP116m loss in 9M15
Published: 09 November 2015


Egypt’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.