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News

11 August 2020 04:10 PM EGX approves Alexandria Portland Cement’s voluntary delisting procedures

Cairo – Mubasher:  The Egyptian Exchange’s (EGX) listing committee approved a request submitted by Alexandria Portland Cement to begin procedures to delist its shares from the bourse. The cement producer is seeking to delist its 458.02 million …

Corporate Actions

5 August 2020 05:25 PM Alexandria Portland Cement submits voluntary delisting request

Cairo – Mubasher: Alexandria Portland Cement has submitted a request to delist its shares from the Egyptian Exchange (EGX) in accordance with the extraordinary general meeting’s (EGM) decision on 14 July. The request will be referred to the …

Corporate Actions

4 August 2020 05:39 PM Alexandria Portland Cement’s indicators show 26% loss increase in H1-20

Cairo – Mubasher: Alexandria Portland Cement reported net losses of EGP 212.75 million in the first half (H1) of 2020, up by 26% year-on-year (YoY) from EGP 168.99 million, the company’s unaudited consolidated financial results showed. The cement …

Financial Results

20 May 2020 02:37 PM EGX executes MTO on Alexandria Portland Cement at EGP 23m

Cairo – Mubasher: The mandatory tender offer (MTO) submitted by Alexandria Development Ltd for the acquisition of Alexandria Portland Cement was executed on the Egyptian Exchange (EGX) at a value of EGP 23.06 million. The transaction involved …

Insider Trading & Treasury Stocks

13 May 2020 01:54 PM Alexandria Portland Cement’s loss narrows 54% in Q1-20

Cairo – Mubasher: Th unaudited consolidated financial results of Alexandria Portland Cement posted a 54% year-on-year (YoY) drop in its net losses during the first quarter of 2020. The cement producer suffered net losses of EGP 35.82 million in …

Financial Results

22 April 2020 00:06 PM Alexandria Portland Cement hires financial advisor for FV assessment

Cairo – Mubasher: The board of directors of Alexandria Portland Cement decided to appoint Premier Financial Advisory for Securities as an independent financial advisor to study and determine the fair value (FV) of the company’s shares. The FV …

Company News

14 April 2020 04:09 PM FRA approves MTO for Alexandria Portland Cement

Cairo – Mubasher: The Egyptian Financial Regulatory Authority (FRA) approved a request to publish the mandatory tender offer (MTO) submitted by Alexandria Development Ltd to acquire 100% of Alexandria Portland Cement at EGP 6 per share, according …

Mergers and Acquisitions

26 February 2020 00:19 PM Alexandria Portland Cement’s losses shrink 40% in 2019 initials results

Cairo – Mubasher: The unaudited consolidated financial results of Alexandria Portland Cement showed a 40% year-on-year drop in its net losses during 2019. Net losses shrank to EGP 236.3 million last year from EGP 394.1 million in 2018, the company …

Financial Results

9 December 2019 00:20 PM Major shareholder offers EGP6/shr to buy remaining shares of Alexandria Portland

Cairo – Mubasher: The board of directors of Alexandria Development Ltd has decided to submit a mandatory tender offer (MTO) to acquire the remaining shares of Alexandria Portland Cement, or 11.07% of the company’s capital shares. Despite the …

Corporate Actions

8 December 2019 05:37 PM Titan Cement to submit MTO on Alexandria Portland Cement’s shares

Cairo – Mubasher: Alexandria Portland Cement announced that its major shareholder Titan Cement International will submit a mandatory tender offer (MTO) in the upcoming period. Talks are underway with the Egyptian Financial Regulatory Authority …

Companies Investments

26 November 2019 05:13 PM Titan Cement ordered to submit MTO for Alexandria Portland Cement’s shares

Cairo – Mubasher: The Egyptian Financial Regulatory Authority (FRA) has obligated Titan Cement International to submit a mandatory tender offer (MTO) to buy the remaining shares in Alexandria Portland Cement within a month. Titan Cement …

Corporate Actions

24 November 2019 05:39 PM Titan Cement acquires indirect majority stake in Alexandria Portland Cement

Cairo – Mubasher: Alexandria Portland Cement announced that Titan Cement International has acquired the International Finance Corporation’s (IFC) minority stakes in Titan’s businesses in Southeast Europe and Egypt, including Alexandria Development …

Insider Trading & Treasury Stocks

12 November 2019 04:43 PM Alexandria Portland Cement’s losses narrow to EGP 96.5m in 9M

Cairo – Mubasher: The unaudited consolidated financial results of Alexandria Portland Cement showed a 61% year-on-year decline in its net losses during the first nine months of 2019. The company suffered net losses of EGP 96.58 million in the …

Financial Results

12 September 2019 04:18 PM Alexandria Portland Cement sells EGP 31.7m land

Cairo – Mubasher: Alexandria Portland Cement has sold an unexploited plot of land in Ad Dakhilah, according to a bourse statement released on Thursday. Situated on 15,852 square metres, the plot was sold in consideration of EGP 31.7 million. …

Companies Investments

30 July 2019 01:55 PM Alexandria Portland Cement’s losses widen to EGP 169m in H1

Cairo – Mubasher: Alexandria Portland Cement reported a 29.47% year-on-year increase in its losses during the first half of 2019, the company’s unaudited consolidated financial results showed. The company incurred losses of EGP 168.99 million from …

Financial Results

9 May 2019 11:58 AM Alexandria Portland’s losses hike 123% in Q1

Cairo – Mubasher: Alexandria Portland Cement reported a 123% year-on-year increase in its consolidated losses during the first quarter of 2019, pressured by lower consumption amid higher supply. The Egyptian cement producer’s net losses amounted …

Commodities

30 July 2017 05:43 PM Alexandria Portland Cement turns to losses in H1-17

Cairo - Mubasher: Alexandria Portland Cement on Sunday reported a 112% year-on-year plunge in profits for the first half of 2017, despite higher sales, according to a filing bourse. The Egyptian company’s losses amounted to EGP 192.61 million in …

Financial Results

7 March 2017 02:27 PM Alexandria Cement turns profitable in Q4

Cairo - Mubasher: The financial statements of Alexandria Portland Cement showed profits of EGP 34.1 million in the fourth quarter of 2016, against losses of EGP 98.5 million in the same period the year before. The company’s annual losses declined …

Financial Results

14 November 2016 05:44 PM Alexandria Portland Cement posts EGP 5.56m profits in Q3

Cairo – Mubahser: Alexandria Portland Cement turned profitable in the third quarter of 2016. The cement producer reported net profits of EGP 5.56 million for Q3 – 2016, against losses of EGP 47.9 million for the same period a year earlier. The …

Financial Results

31 July 2016 00:06 PM Alexandria Portland Cement turns a profit in Q2

Cairo – Mubasher: Alexandria Portland Cement said Sunday that it turned into profits during the second quarter of 2016 (Q2-16), according to a bourse filing.  The company registered EGP 16 million consolidated profits in Q2-16, against EGP 67.2 …

Financial Results

23 June 2016 11:14 AM Case against Alexandria Cement delayed to 23 Nov

Cairo – Mubasher: Egypt’s administrative court decided to adjourn the lawsuit against Alexandria Portland Cement until 23 November 2016 regarding the operating license of the fifth line, according to a bourse filing. Earlier, the lawsuit was …

Management Decisions

17 March 2016 11:41 AM Alexandria Portland Cement turns to losses in 2015

Cairo-Mubasher: Alexandria Portland Cement said it turned to losses in 2015 due to fluctuations in forex market and increasing financing expenditures. The cement producer posted EGP 214.3 million in losses in 2015, against EGP 40.6 million profits …

Financial Results

16 December 2015 10:54 AM Alexandria Portland to repay EGP 113m loans

Cairo-Mubasher: Alexandria Portland Cement said its board gave a nod on Wednesday to the repayment of loans worth EGP 112.7 million ($14.7 million). The board approved paying off nearly EGP 9 million from East Cement's loan totalling EGP 12 …

Management Decisions

15 December 2015 10:34 AM Alexandria Portland to share in Misr Beni Suef’s rights issue

Cairo – Mubasher: Alexandria Portland Cement Co. said Tuesday its board of directors approved sharing in the capital increase of Misr Beni Suef Cement Co. The increase will be effected through converting portion of accounts payable to shares in …

Management Decisions

8 November 2015 10:44 AM Alexandria Cement turns to loss in nine months

Cairo – Mubasher: Alexandria Portland Cement Co. Sunday reported its consolidated financial indicators for the first nine months of 2015, showing EGP 116 million net loss after tax, against EGP 71 million net profit in the corresponding period a …

Financial Results