Egypt’s Suez Cement made net loss of US$6.23mn in Q3 2015

Egypt's Suez Cement, the country's largest listed cement maker by market value, said it made a net loss of US$6.23 million (EGP 50 million) in Q3 2015, compared with a net profit of $6.45 million (EGP 52 million) a year earlier, Reuters reports. Revenue fell to $146.15 million (EGP 1.177 billion) in the three months ending September 30 from $179.06 million (EGP 1.442 billion), it said.
November 6, 2015 Read time: 1 min

Egypt's 7903 Suez Cement, the country's largest listed cement maker by market value, said it made a net loss of US$6.23 million (EGP 50 million) in Q3 2015, compared with a net profit of $6.45 million (EGP 52 million) a year earlier, 6393 Reuters reports.

Revenue fell to $146.15 million (EGP 1.177 billion) in the three months ending September 30 from $179.06 million (EGP 1.442 billion), it said.

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Egypt’s Suez Cement spends US$52.40mn/year for four years

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The company would not lodge a request to get a new cement licence.

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