Cairo – Mubasher: South Valley Cement Company incurred net losses of EGP 250.59 million in 2020, down by 20.7% year-on-year (YoY) from EGP 316.34 million.
The cement producer’s sales retreated to EGP 350.21 million last year, compared to EGP 439.26 million in 2019, according to a bourse disclosure on Thursday.
During the first nine months of 2020, the company recoded net losses of EGP 132.8 million, down from EGP 173.96 million in the same period a year earlier.
