Misr Beni Suef and Alexandria Cement report improved results in 2018

Egypt-based cement companies Misr Beni Suef Cement and Alexandria Cement have posted improved results in 2018.

Misr Beni Suef Cement posted net profits of EGP241.491m (US$13.8m) in 2018, more than twice its net profits of EGP110.616m announced in 2017.

Alexandria Cement reported a reduction in its consolidated net loss in 2018, which fell to EGP394.166m from EGP513.934m in 2017. Stand-alone losses also decreased to EGP251.976m in 2018 to EGP401.794m in the previous year.