National Cement Co. posted financial results for FY13/14, showing net loss of EGP 102.745 million net loss, against EGP 93.531 million net profit in FY12/13.
The company’s financial statements for the 9 month period from July 2013 to March 31, 2014 had shown a decline by 93% in net profit to EGP 3.7 million compared to EGP 55.4 million in the same period a year earlier. The company posted 18.5% fall in H1-13/14 net profit to EGP 19 million, from EGP 23 million reported in the same period a year earlier.