Sinai Cement’s loss decreases by 44% year-on-year in 2019

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Egypt: Sinai Cement’s net loss in 2019 was US$28.1m, down by 44% year-on-year from US$50.2m in 2018. Arab Finance News reported that the company attributed the loss to accumulated effects of currency devaluation on imported fuel and to rises of electricity and oil prices.

Last modified on 01 April 2020


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