National Cement turns to losses in Q1

Cairo – Mubasher: National Cement said it turned to losses in the first quarter of the fiscal year 2016/17.

The company logged losses of EGP40.4 million in Q1-FY2016/17, against profits of EGP19.7 million for the comparable period of the previous year.

The company attributed its interim losses to the increase in the provisions by EGP37.2 million.

Mubasher Contribution Time: 23-Oct-2016 14:09 (GMT)
Mubasher Last Update Time: 23-Oct-2016 14:09 (GMT)