Cement News tagged under: Qena
Misr Cement-Qena reports 84% profit drop in 201902 March 2020, Published under Cement NewsEgypt-based Misr Cement (Qena) an 84 per cent YoY decline in consolidated net profits to EGP16.45m (US$1.05m) in 2019, compared with EGP104.39m in 2018, according to a statement to the Egyptian Exchange. Sales fell to EGP3.1226bn in 2019, down from EGP3.1229bn the previous year. Stand-alone net profits more than halved from EGP76.54m in 2018 to EGP35.24m in 2019. |
El Nahda Cement partially stops production line at Qena plant09 July 2019, Published under Cement NewsEgypt's El Nahda Cement has decided to partially suspend the main line at its 5500tpd Qena plant for nearly six months. The actions come as a result of a decrease in sales and an increase in clinker stocks, representing stagnant assets if not exploited, according to local media sources. The company plans to continue with a partial suspension and reliance on the available clinker, however would resort to complete suspension if the situation continues. Monthly updates of the situation for the... |
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