Tourah Portland Cement (TORA)

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News

29 November 2020 04:23 PM Metallurgical Industries Holding sells entire stake in Tourah Portland Cement

Cairo – Mubasher: Metallurgical Industries Holding Co has sold its entire stake of 17.94% in Tourah Portland Cement Co for EGP 45.72 million. The transaction involved 6.36 million shares at an average price of EGP 7.18 apiece, according to a …

Insider Trading & Treasury Stocks

26 November 2020 00:46 PM EGX executes MTO on Tourah Portland Cement at EGP 95m

Cairo – Mubasher: The Egyptian Exchange (EGX) has executed the mandatory tender offer (MTO) submitted by Suez Cement Company on the shares of Tourah Portland Cement Co. The transaction has been carried out on 13.23 million shares at a total value …

Mergers and Acquisitions

22 November 2020 00:29 PM Tourah Portland Cement's loss narrows 60% in 9M

Cairo – Mubasher: Tourah Portland Cement Co incurred net losses of EGP 208.65 million during the first nine months of 2020, down by 59.6% year-on-year (YoY) from EGP 516.56 million. The cement producer’s sales plummeted to EGP 97.59 million in the …

Financial Results

1 November 2020 11:19 AM Suez Cement, Tourah Portland Cement approve FV studies, MTOs

Cairo – Mubasher: The boards of Suez Cement and Tourah Portland Cement Company approved the fair value (FV) assessment studies prepared by the independent financial advisor Grant Thornton Financial Consulting For Marketable Securities and the …

Mergers and Acquisitions

29 September 2020 00:46 PM Suez Cement to fully acquire Tourah Portland Cement

Cairo – Mubasher: The board of Suez Cement decided to submit an offer to acquire up to 100% of the issued capital of Tourah Portland Cement Company for EGP 7.18 per share. The target company’s shares will be delisted from the Egyptian Exchange …

Mergers and Acquisitions

6 September 2020 02:06 PM Tourah Portland Cement’s loss shrinks 67% in H1-20

Cairo – Mubasher: Tourah Portland Cement Co suffered net losses of EGP 151.97 million in the first half (H1) of 2020, down by 67% year-on-year (YoY) from EGP 461.25 million. Sales plummeted to EGP 83.8 million in the six-month period ended 30 June …

Financial Results

8 March 2020 05:15 PM Tourah Cement swings to loss in 2019 amid falling demand

Cairo – Mubasher: Tourah Portland Cement Co. turned to net losses of EGP 617.25 million during 2019, against net profits of EGP 36.09 million a year earlier. The cement producer’s sales shrank to EGP 531.75 million last year from EGP 1.1 billion …

Financial Results

30 December 2019 02:04 PM Tourah Cement sells kilns, millers at EGP 31m

Cairo – Mubasher: Tourah Portland Cement Co. announced selling some of the items offered in the public auction held on 16 December, including old kilns and millers of Tourah plant only. The items have been ceased from operation since 2013.   Total …

Companies Investments

12 November 2019 01:37 PM Tourah Cement’s loss skyrockets in 9M/19

Cairo – Mubasher: Tourah Portland Cement Co. has reported a 2,527% year-on-year hike in loss during the first nine months of 2019. The company’s loss reached EGP 516.56 million from January to September 2019, compared to EGP 19.6 million in the …

Financial Results

14 August 2019 04:37 PM Tourah Cement’s consolidated losses swell to EGP 461m

Cairo- Mubasher: The consolidated financial statements of Tourah Portland Cement Co. revealed a 204.73% year-on-year increase in losses during the first half of 2019. The company’s losses surged to EGP 461.25 million in H1-19 from EGP 2.24 million …

Financial Results

4 December 2016 03:51 PM Tourah Cement suspends production line

Cairo – Mubasher: Tourah Portland Cement Co. said it suspended the operations of its production line number 8 for maintenance requirements. The cement company stated that the suspension won’t negatively impact its sales and freight operations. …

Corporate Actions

4 December 2016 00:15 PM EGX suspends trades on three stocks in early trading

Cairo – Mubasher: The Egyptian Exchange (EGX) decided to suspend trading on three stocks on Sunday early trading session. The three stocks are Orascom Telecom Media and Technology, Delta Sugar and Portland Cement. EGX said it will resume trading …

Markets Regulations

23 October 2016 00:20 PM Tourah Cement losses shrink 43% in Q3

Cairo – Mubasher: Tourah Portland Cement reported a 43% decrease in its net losses for the third quarter of 2016, according to a bourse filing. Q3 losses thus stood at EGP 21.3 million, compared with EGP 37.4 million for Q3-15, the filing …

Financial Results

21 July 2016 11:11 AM Tourah Cement losses shrink 54% in H1

Cairo – Mubasher: Tourah Portland Cement posted lower losses in the first six months of the fiscal year 2016, according to a bourse filing. Its losses cut by 54.4% year-over-year to EGP 31.85 million ($3.6 million) from EGP 69.84 million ($7.8 …

Financial Results

12 May 2016 11:10 AM Tourah Cement losses 2% deeper in Q1

Cairo – Mubasher: Tourah Portland Cement’s losses widened by 1.7% year-over-year in the first quarter of 2016, the company said in a bourse filing. The company reported a net loss of EGP22.37 million ($2.5 million) compared to EGP22 million losses …

Financial Results

11 February 2016 02:12 PM Tourah Cement loses EGP 112m in Q4

Cairo-Mubasher: Tourah Portland Cement recorded net losses of EGP 111.8 million ($14.3 million) in the fourth quarter of 2015. The cement producer reported net losses of EGP 219 million ($28.1 million) in 2015, compared with EGP 14.4 million …

Financial Results

3 November 2015 11:22 AM Tourah Cement widens losses by 271% in 9 months

Cairo - Mubasher: Tourah Portland cement's net losses widened to EGP 107.2 million in the first nine months of 2015. The cement producer logged losses of EGP 28.9 million in the similar period of 2014. Meanwhile, the company turned to losses in …

Financial Results

30 April 2015 00:24 PM Tourah Cement widens losses in Q1

Tourah Portland Cement reported EGP 22 million in losses for the first quarter of 2015, compared with EGP 9.9 million for the same period of the previous year.The company suffered EGP 14.4 million in losses in 2014, against EGP 75.8 million in net …

Financial Results

6 April 2015 11:02 AM Tourah Portland halts operations at Tourah factory

Tourah Portland Cement Co. has temporarily halted both the production and the packing processes at its Tourah factory due to safety concerns, the company said in a bourse filling.Tourah Portland suffered EGP 14.4 million in losses for 2014, …

Company News

26 February 2015 00:12 PM Tourah Portland suffers EGP14m loss on 2014

Tourah Portland Cement Co. disclosed its financial statements for 2014 that reflected EGP14.4 million loss against EGP75.8 million profit for the previous year. The cement producer has posted EGP28.9 million net profit for the first …

Financial Results

30 October 2014 00:40 PM Tourah Cement turns to loss, logs EGP29m in 9M

Tourah Portland Cement posted on Thursday, October 30, its financial results for the first nine months of FY14, showing EGP 28.9 million net loss, against EGP 65.171 million net profit reported in the same period a year …

Company News

30 October 2014 09:45 AM Suez Cement, others rebut any undisclosed events impacting stocks

Some companies listed on the Egyptian Exchange (EGX) denied having any undisclosed financial or operational developments impacting their stocks prices.These companies are Tourah Portland Cement, Suez Cement and Delta …

Corporate Actions