ArabFinance: Asek Company for Mining (Ascom) (ASCM) incurred a consolidated net loss before minority interest of EGP 31.49 million in the first half (H1) of 2021, versus losses of EGP 54.65 million in H1 2020, according to the company’s financial statements filed to the Egyptian Exchange (EGX).

On the other hand, the company achieved a standalone net profit after tax of EGP 12.04 million in H1 2021, versus a net loss of EGP 44.32 million in the prior-year period.

Ascom is an Egypt-based public shareholding company that operates primarily in the non-metal mining sector.

The company is engaged in geological exploration, mining and quarrying of raw materials, and developing mining operations for building materials and precious metals. This is in addition to being involved in manufacturing operations for ground calcium carbonate and rock as well as glass wool.