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.
South Valley Cement reports 7% loss increase
Updated 8/5/2020 1:29:00 PM
ArabFinance: South Valley Cement Company (SVCE) reported 7% Year of Year increase in its net loss for the Quarter one (Q1) of 202, according to the company’s August 4th financial statements filed to the Egyptian Exchange (EGX).
Net loss reached EGP 41,391,046 in Q1 of 2020, compared to EGP 38,453,861 in Q1 of 2019.
In 2019, the company incurred a net loss of EGP 316,348,814,against net profit of EGP 10,189,909 in 2019.
