Cairo – Mubasher: National Cement said its losses widened by 18.4% in the fiscal year 2015/16 on the increasing provisions that reached EGP 37.2 million.
The cement company logged losses of EGP 97.2 million ($10.9 million) in FY15/16, down from EGP 119.2 million ($13.4 million) for the previous year.
Earlier, the company said it posted losses of EGP 2.6 million for the first nine months of FY15/16.
