Cement News tagged under: Alexandria Cement

RSS feed

Misr Beni Suef and Alexandria Cement report improved results in 2018

01 March 2019, Published under Cement News

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.

Mixed results for Egyptian producers

14 May 2018, Published under Cement News

Egypt’s Alexandria Cement has announced a further consolidated net loss in the first quarter of 2018, which widened 17.1 per cent YoY to EGP34.78m. Furthermore, the company recorded a standalone net loss of EGP71.28m against a net profit of EGP12.63m seen in the year-ago period. Elsewhere, Misr Beni Suef Cement posted a 280.9 per cent YoY rise in net profit to EGP125.9m for 1Q18. Sales saw a significant increase of 77.3 per cent to EGP619.1m, compared to EGP349.1m of the previous year.

Alexandria Cement reports increasing losses in 2017

07 March 2018, Published under Cement News

Egyptian cement producer Alexandria Cement reported a consolidated net losses of EGP513.85m (US$ 29.13m) , when compared with net losses of EGP50.86m in 2016. The company’s standalone net loss in 2017 also widened from EGP187.48m to EGP301.79m during the same period.

Alexandria Cement losses widen to EGP359m

15 November 2017, Published under Cement News

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.