Arabian Cement moves to loss
Updated 2/28/2021 2:02:24 PM
ArabFinance: Arabian Cement Company (ACC) (ARCC) suffered a consolidated net loss of EGP 122.78 million in 2020, versus a net profit of EGP 28.92 million in 2019, according to the company’s filing to the Egyptian Exchange on February 28th.
The company’s standalone net loss reached EGP 116.21 million last year, against a net profit of EGP 30.09 million in 2019.
The company incurred a consolidated net loss of EGP 39.77 million during the first nine months of 2020.
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.
