Egypt's Suez Cement reports Q3 net loss

Bymc2008

Updated Wed, 04 Nov 2015 18:00:14 GMT

Egypt's largest listed cement maker by market value, Suez Cement, has announced that it made a net loss of 50 million Egyptian pounds (US$6.23 million) in the third quarter compared with a net profit of 52 million pounds in 2014.

The company’s revenue dropped to 1.177 billion pounds in the three months ending September 30 from 1.442 billion.