Cement News tagged under: Tourah Cement
Tourah Cement loss contracts 67% in 1H2007 September 2020, Published under Cement NewsTourah Cement reported a 67 per cent fall in net losses to EGP-151.97m (US$-9.6m) in the 1H20 when compared with EGP461.25m reported in the 1H19, according to Mubasher. However, sales dropped to EGP83.8m between January-June 2020 from EGP473.2m in the year-ago period, according to a bourse disclosure on Sunday. |
Egyptian cement producers seek market solutions16 August 2019, Published under Cement NewsThis week HeidelbergCement-owned Suez Cement and Tourah Cement reported their 1H19 results with further declines in sales, leading to wider losses for both Egyptian cement producers. The poor results are part of the continuing trend in which Egyptian cement sales fell by eight per cent in 1Q19 . In June 2019 Tourah Cement suspended cement production because of the financial distress caused by oversupply in the market. The company, which was founded in 1927 as Egypt's first cement plant... |
Egypt: mixed 9M16 results for Suez and Tourah24 October 2016, Published under Cement NewsSuez Cement reported a net profit of EGP49.6m (US$5.59m) for the first nine months of 2016. For the third quarter the company saw losses of EGP-66.9m, an increase from EGP-63.3m the previous year. Tourah Cement improved its net loss by 50.4 per cent from EGP-107.203 in 9M15 to EGP-53.149m in Jan-Sep 2016, according to a bourse filing. In the third quarter the company reported a 43 per cent fall in net loss to EGP21.3m, compared with EGP37.4m in 3Q15. |
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