Alexandria Portland Cement sees net losses narrow in 9M19

Egypt’s Alexandria Portland Cement has seen its consolidated net losses narrow by 61 per cent YoY to EGP96.58m (US$5.98m) during the first nine months of 2019, compared with losses of EGP245.7m recorded in the year-ago period. However, sales decreased by 26 per cent YoY to EGP1.636bn from EGP2.21bn.

The company’s standalone losses also improved from EGP162m to EGP72m in January-September 2019.