National Cement losses widen in FY14/15

Cairo-Mubasher: National Cement's net losses widened 72.58% to EGP 237.57 million in the fiscal year 2014/2015, compared with EGP 138.39 million a year earlier.

The company's revenues declined 9.76% to EGP 917.25 million in FY14/15, down from EGP 1.01 billion for the previous year.

The cement producer earlier logged EGP 275.1 million in losses for the first nine months of FY14/15, against EGP 13.7 million in profits for the same period of the preceding year.