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

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URL: https://globalcement.com/news/item/14341-qalaa-holdings-sales-and-loss-rise-in-first-quarter-of-2022

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