November 18, 2021

South Valley Cement deepens loss in 9 months


ArabFinance: South Valley Cement (SVCE) suffered a net loss of EGP 143.2 million during the first nine months of 2021, compared to EGP 132.8 million in the corresponding period of 2020, according to a statement by the company to the Egyptian Exchange.

During the first half of 2021, the company incurred a net loss of EGP 75.75 million, compared to EGP 69.82 million in the same period a year earlier.

South Valley Cement is an Egypt-based company engaged in the manufacture of cement and its associated products, as well as a range of building materials products. The company’s product portfolio consists of three main categories: clinker, portland ordinary cement, and ready-mix concrete.

arabfinance


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