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National Cement turns to losses in Q1

National Cement turns to losses in Q1
National Cement turns to losses in Q1
National Cement
NCEM
0.00% 15.19 0.00

Cairo – Mubasher: National Cement said it turned to losses in the first quarter of the fiscal year 2016/17.

The company logged losses of EGP40.4 million in Q1-FY2016/17, against profits of EGP19.7 million for the comparable period of the previous year.

The company attributed its interim losses to the increase in the provisions by EGP37.2 million.