Egypt’s National Cement attains $42mn revenues in six months

Egypt’s National Cement has obtained total revenues estimated at 328.164 million Egyptian pounds (US$41.9 million) during the first six months of financial year 2015-16 opposed to 411.544 million pounds a year earlier.

According to firm’s financial lists released Sunday, National Cement posted net profits of 9.87 billion pounds against incurring net loss of 228.1 million pounds a year ago.

At the end of December 2015, company’s long-term assets reached around 1.69 billion pounds including 278.673 million for under-construction projects .

National Cement has obtained net profit after tax estimated at 19.7 million pounds during the first quarter of current fiscal year against incurring losses estimated at 77.9 million pounds at the same period of 2014.