Qalaa Holdings announces 2Q17 net loss of US$158m
Qalaa Holdings, a leading energy and infrastructure investment company based in Egypt, announced its consolidated financial results for the quarter that ended in 30 June with a...
Egypt
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Sinai Cement posts 1H consolidated net loss of EGP153m
Sinai Cement incurred consolidated net losses of EGP153.2m (US$8.7m) in 1H17, vs net profits of EGP15.4m in 1H16, the company announced in a statement to the Egyptian stock exc...
Suez Cement reports 2Q loss
Egypt-based Suez Cement reported losses during the second quarter of 2017 YoY, according to a bourse filing on Monday. Losses amounted to EGP82.15m (US$4.6m) in 2Q17, versus...
Misr Beni Suef sees 41% drop in 1H net profit
Egyptian cement producer, Misr Beni Suef Cement, announced in a statement sent to the Egyptian Stock Exchange, the audited financial results for the first six months of 2017, p...
South Valley Cement Co 1Q profit drops
Egypt-based South Valley Cement Co on Sunday posted a 53 per cent YoY drop in profits for the first quarter of 2017, according to a bourse statement. The company achieved pro...
Arabian Cement wins energy management award
Egypt-based Arabian Cement Company (ACC) has been honoured with the ‘2017 Award of Excellence in Energy Management’ by Clean Energy Ministerial (CEM8), a high-level global foru...
EMG planning new Egyptian plant
The Electro-Mechanical Design Group (EMG) is conducting preliminary studies for the construction of a new ce ment plant in Egypt having secured the cement licence prospectus d...
Gebr Pfeiffer delivers complete coal grinding plant to Egypt
BMIC, headquartered in Cairo, awarded Gebr Pfeiffer a contract for a complete coal grinding plant on a turnkey basis for its cement plant in Assiut, Egypt. As a single-sourc...
Cemex to boost investment in Egypt
Cemex plans to boost its investments in Egypt, according to Cemex Egypt’s President, Ramon Piza. The company, which owns a 5.5Mta plant at Assiut, plans to invest US$20m in th...
Sinai 1Q17 loss widens
Sinai Cement reported an increase in losses by 55 per cent YoY during the first quarter of 2017, due to the rise of financing and administrative costs. The company said in a ...