Cement News tagged under: South Valley Cement
South Valley Cement reports decline in net losses in 202208 March 2023, Published under Cement NewsEgypt’s South Valley Cement has reported sales in 2022 of EGP873.73m (US$28.3m), up from EGP284.62m in the previous year, according to Zawya. Over the same period, the company saw a net loss of EGP208.74m, compared to a loss of EGP225.45m in 2021, giving a loss per share of EGP0.43 as of 31 December 2022, versus EGP0.47 at the same time a year earlier. |
South Valley Cement Co posts net loss of 55% in 1H2226 August 2022, Published under Cement NewsSouth Valley Cement Co posted a net loss of 54.50 per cent during the first 1H22 to EGP117.08m (US$31.2m), compared to EGP75.75m in the 1H21. However, sales stood at EGP325.86m in the 1H22, a considerable growth from EGP106.43m in 1H21. In the second quarter of 2022, the cement company reported higher net losses at EGP85.87m from EGP40.05m in the 2Q21. In the meantime, the company’s sales grew to EGP119.71m during 2Q22 from EGP44.30m in the 2Q21. |
South Valley Cement's net losses narrow in first quarter16 June 2021, Published under Cement NewsEgypt’s South Valley Cement has posted a net loss of EGP35.69m (US$2.28m) during the first quarter of 2021, compared to a net loss of EGP41.39m in the year-ago period. The company’s revenue declined 30 per cent YoY to EGP62.12m from EGP88.75m in the 1Q20. |
South Valley Cement sees net loss narrow in 202006 April 2021, Published under Cement NewsEgypt’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. |
South Valley Cement reports contraction in net loss02 December 2020, Published under Cement NewsEgypt’s South Valley Cement has seen its net loss contract to EGP132.81m (US$8.48m) in the first nine months of 2020, compared to EGP173.97m in the year-ago period. The company had also reported a contraction in its net loss for the first half of 2020. |
South Valley Cement sees net loss contract in the 1H2019 October 2020, Published under Cement NewsEgypt’s South Valley Cement has seen its net loss contract to EGP69.82m (US$4.45m) in the 1H20, compared with EGP100.82m in the 1H19. However, in the 2Q20 sales declined 21.5 per cent YoY to EGP196m from EGP249.67m in the corresponding period of 2019. |
South Valley Cement losses increase sharply31 December 2019, Published under Cement NewsSouth Valley Cement Company, Egypt, posted a 930 per cent year-on-year increase in losses during the first nine months of 2019, according to the company’s financial statements. The cement producer’s losses amounted to EGP173.9m (US$10.83m) in the January-September period, compared to EGP16.8m in the same period in 2018, according to a statement to the Egyptian Exchange. During the same period, the company’s sales fell by almost half to EGP345.26m from EGP656.3m in the same period in 2018. |
South Valley Cement posts loss in 1Q1904 July 2019, Published under Cement NewsFollowing reports that its total profit fell 54 per cent in 2018 , Egypt-based South Valley Cement has announced that it made a loss in the first three months of 2019. The company has recorded a net loss of EGP38.45m (US$2.3m) in the 1Q19, compared to a net profit of EGP5.9m in the corresponding period of 2018. |
Egypt: South Valley denounces new capacity project17 January 2017, Published under Cement NewsThree private companies are reported to have gained licences for new plants in Egypt after the latest round of bidding, according to local newspapers in Egypt. The new capacity was reportedly for Elsewedy Cement, Elmasreein Cement and South Valley Cement. However, South Valley Cement has categorically denied the announcement in a statement to the EGX, stating that the claim is totally untrue. Furthermore, the government has made available several further 2Mta cement plant licences... |
Egypt: South Valley Cement discusses new Beni Suef line05 December 2016, Published under Cement NewsAhmed El-Mekati, board member of South Valley Cement Company (SVCC), has said the company is looking into the investment cost of a new 1.5Mta production line, as the cost of importing the production line’s components has increased with the EGP’s flotation. SVCC is due to hold a meeting this month to discuss the launch of the new line and study available financing options. It is compare the value of borrowing from banks and increasing its capital in the stock market. The new line would ... |