National Cement losses deepen in Q4

Cairo – Mubasher: National Cement said it losses widened in the fourth quarter of the fiscal year 2015/16 by around 12.4 times.

The cement producer logged losses of EGP 99.8 million in the fourth quarter of FY15/16, compared with EGP 7.4 million a year earlier.

The firm said also it suffered losses of EGP 97.2 million through FY15/16 as a whole, compared with EGP 282.4 million in the preceding year.

National Cement reported an increase of 43.6% in sales revenues in FY15/16, as it reached EGP 108.6 million.

Mubasher Contribution Time: 31-Jul-2016 11:06 (GMT)
Mubasher Last Update Time: 31-Jul-2016 11:06 (GMT)