Arabian Cement Co announces contraction in net loss

Egypt’s Arabian Cement Co has announced a consolidated net loss of EGP23.21m (US$1.48m) during the first nine months of 2021, an improvement from the EGP39.77m net loss seen in the 9M20. 

The standalone net loss reached -EGP24.53m against -EGP38.25m in the January-September 2020 period.