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.
