Suez Cement records EGP293m net loss in 1H19

Egypt’s Suez Cement recorded a net loss of EGP293.4m (US$17.69m) for the first half of 2019, down from an EGP238.2m profit in the year-ago period. Revenues declined 16.7 per cent YoY to EGP3.3bn from EGP3.96bn.

Standalone losses widened to EGP590.5m, compared to EGP165.6m in the 1H18.