Alexandria Cement losses widen to EGP359m

Alexandria Cement, Egypt, reported audited financial results for 9M17 ended 30 September 2017 with consolidated losses widening to EGP-358.78m (US$-20.3m) when compared with EGP-85.17m in the year-ago period.

In addition, standalone net losses increased from -EGP177.6m to EGP-281m over the same period.