Suez Cement records US$75.0m loss in 2019

Written by Global Cement staff 09 March 2020

Egypt: Germany-based HeidelbergCement subsidiary Suez Cement’s losses fell by 11% year-on-year to US$75.0m in 2019 from US$84.1m in 2018. Mubasher News has reported that sales also fell, by 13% to US$41m from US$0.47bn.

Suez Cement is seeking buyers for its 51% stake in Kuwait-based Hilal Cement.

Last modified on 11 March 2020

Published in Global Cement News

Tagged under

Egypt
Germany
HeidelbergCement
Suez Cement Group
Results
Loss
Sales
subsidiary
Sale
Kuwait
Hilal
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