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News Qalaa Holdings' sales and loss rise in first quarter of 2022

Qalaa Holdings' sales and loss rise in first quarter of 2022

Written by Global Cement staff 06 July 2022
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Egypt: Qalaa Holdings recorded first-quarter 2022 sales of US$991m, more than double its figure for the first quarter of 2021. Its loss during the quarter was US$30.9m, up by 22% year-on-year from US$25.4m. Its subsidiary ASEC Holding Group increased its sales by 46% year-on-year to US$53m. The cement company attributed the growth to the 'strong performance' of its integrated cement plant in Sudan.

Daily News Egypt has reported that Qalaa Holdings is currently prioritising the on-going restructuring of its debts.

Published in Global Cement News
Tagged under
  • Egypt
  • Sudan
  • Qalaa Holdings
  • ASEC Cement
  • ASEC
  • Results
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