May 10, 2021

Arabian Cement loss shrinks


ArabFinance: Arabian Cement Company (ACC) (ARCC) suffered a consolidated net loss of EGP 6.334 million in quarter one (Q1) 2021, according to the company statement filed to the Egyptian Exchange.

This marked a Year on Year (YoY) decline of 60% when compared to EGP 15.910 million in Q1 2020.

ACC signed a settlement agreement worth EGP 19.8 million with City Gas Company.

Arabian Cement is an Egypt-based company engaged in the manufacture of cement and concrete. Its products include clinker and ready-mix concrete, in addition to Al Mosalah, Al Tahrir, and El Sadd cement.

arabfinance


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