Suez Cement hit by Egyptian pound devaluation

Suez Cement hit by Egyptian pound devaluation
Published: 13 May 2016


In its quarterly earnings statement for 1Q2016, Suez Cement announced that it has seen cement volumes rise 15.6 per cent YoY. However, net profits for the quarter have fallen to just EGP2m (US$0.2m), down from EGP58m a year earlier.

To continue reading this story and have 100% free access to the CemNet.com website, please Register for a subscription to International Cement Review or Login