Tourah Cement sees net loss widen 205%

Egypt’s Tourah Cement has seen its net losses widen 204.7 per cent YoY for the first six months of 2019, surging to EGP461.25m (US$27.78m) from EGP2.24m in the 1H18.

On a quarterly basis, the company’s net loss advanced to EGP50.9m in the 1Q19 from EGP13.8m in the corresponding period of 2018.