ArabFinance: Arabian Cement Company (ARCC) incurred a consolidated net loss after tax of EGP 23.28 million for the first half (H1) of 2021, versus net loss of EGP 5.63 million in the year-ago period, according to the company’s consolidated financial statement filed to the Egyptian Exchange (EGX).

Moreover, the company generated sales revenue of EGP 964.86 million during the January-June period of 2021, down from EGP 1.32 billion in the same period of 2020.

At the level of the standalone statement, the company suffered standalone losses after tax of EGP 21.08 million in H1 2021, up from EGP 3.78 million in H1 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.