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 January-September period from EGP 488.5 million, according to a bourse disclosure on Sunday.

During the first half (H1) of 2020, Tourah Portland Cement Co incurred net losses of EGP 151.97 million, down from EGP 461.25 million in H1-19.