South Valley Cement sees net loss narrow in 2020

Egypt’s South Valley Cement Co has recorded a net loss of EGP250.59m (US$15.97m) in 2020, narrowing from an EGP316.34m loss seen in the previous year.

The company’s sales declined 20.3 per cent YoY to EGP350.21m from EGP439.26m in 2019.