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News South Valley Cement reduces its losses in first nine months

South Valley Cement reduces its losses in first nine months

Written by Global Cement staff 07 November 2022
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Egypt: South Valley Cement has posted a 41.5% year-on-year decline in its net loss after tax during the first nine months of 2022, according to a statement filed to the Egyptian Exchange. The company incurred a net loss of US$3.42m in the January - September period of 2022, compared to a loss of US$5.88m in the same period in 2021. Sales from its cement segment surged to US$25.2m from US$7.43m previously.

Last modified on 09 November 2022
Published in Global Cement News
Tagged under
  • Egypt
  • South Valley Cement
  • Results
  • Loss
  • GCW582
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