Egypt: Arabian Cement has reported an 88% decline in profit year-on-year to Euro 1.60m in 2019 from Euro13.3m in 2018. Sales were Euro181m, down by 5.5% from Euro 192m in 2018 due to depleted demand. Expansión newspaper called 2019 ‘the worst year in history for Egypt’s cement industry.’
Arabian Cement’s profit and sales fall in 2019
Written by Global Cement staff
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