South Valley Cement cuts losses in Q1 by 12.6% YoY
Updated 6/13/2022 11:00:36 AM
Arab Finance: South Valley Cement (SVCE) has cut its net losses in the first quarter (Q1) of 2022 by 12.56% year-on-year (YoY), according to the company’s financial statement filed to the Egyptian Exchange (EGX) on June 13th.
The company incurred a net loss of EGP 31.20 million in Q1 2022, down from EGP 35.69 million in Q1 2021.
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.
