Cement News tagged under: South Valley Cement Co
South Valley Cement sees net loss widen 7% in 1Q2006 August 2020, Published under Cement NewsEgypt’s South Valley Cement Co saw its net loss widen seven per cent YoY to EGP41.39m (US$2.59m) in the first quarter of 2020, against an EGP38.45m net loss in the 1Q19. The announcement comes after the company reported a total net loss of EGP316m for 2019. |
South Valley Cement posts net loss in 201907 July 2020, Published under Cement NewsEgypt’s South Valley Cement Co reported a net loss of EGP316.35m (US$19.7m) in 2019, against a net profit of EGP10.19m in the previous year. In the first nine months of 2019, the company had seen its net loss widen to EGP173.9m from EGP16.8m in the 9M18. |
South Valley Cement profit down 54% in 201817 May 2019, Published under Cement NewsEgypt-based South Valley Cement Co posted a profit of EGP10.18m (US$597,032) in 2018, representing a 54 per cent YoY dropwhen compared with EGP22.14m reported in 2017, according to as statement to the Egyptian Exchange (EGX). Revenues declined to EGP798.93m in 2018 from EGP1.02bn in the previous year. The company’s operating profit margin fell sharply due to higher production costs and a fall in cement prices as supply rose while demand eased. |
South Valley Cement Co 1Q profit drops10 July 2017, Published under Cement NewsEgypt-based South Valley Cement Co on Sunday posted a 53 per cent YoY drop in profits for the first quarter of 2017, according to a bourse statement. The company achieved profits of EGP20.1m (US$1.12m) in the three months ended March, compared to EGP42.85m in the corresponding period of 2016. Cement sales increased to EGP261.55m in the quarter under review from EGP254.80m a year earlier, while the cost of sales rose to EGP226m compared to EGP204.7m in the same period of 2016. The com... |
South Valley Cement 9M14 net profit up 10.5% YoY16 December 2014, Published under Cement NewsGiza-based South Valley Cement Co's net profit for the first nine months of 2014 rose by 10.5 per cent YoY to EGP100.58m (US$14m). Net profit for the corresponding period of 2013 stood at EGP91m, the company said in a filing to the Cairo stock exchange. Last month, South Valley Cement approved a capital increase of more than EGP602.8m and ratified a long-term loan of EGP1.27bn from five Arab banks. The company is planning to use the cash to finance expansion in cement milling and storag... |
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