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South Valley Cement loss shrinks

South Valley Cement loss shrinks

ArabFinance: South Valley Cement reported a 21% Year on Year decline in its net loss in 2020, according to the company’s financial statements filed to the Egyptian Exchange.

Net loss stood at EGP 250,593,873 in 2020, compared to EGP 316,348,814 incurred in 2019.

The company reported a 30.75% Year on Year decline in its net loss in the first half (H1) of 2020.

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.

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