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 earlier.
Financial statements for H1-14 had shown that net profit fell 92% to EGP 6.5 million, compared with EGP 79.9 million in the same period a year earlier.
Financial statements for Q1-14 had shown loss of EGP 10 million, against EGP 47.1 million net profits in the same period a year earlier.
The cement producer posted net profit of EGP 75.783 million in 2013, compared to EGP 131.304 million in 2012.