Cairo - Mubasher: The financial statements of Alexandria Portland Cement showed profits of EGP 34.1 million in the fourth quarter of 2016, against losses of EGP 98.5 million in the same period the year before.
The company’s annual losses declined by 76.1%, as it totalled EGP 51.12 million last year compared to EGP 214.2 million in 2015, according to the company’s statement to the Egyptian Exchange (EGX).
Total sales grew 25% and reached around EGP 2.58 million in 2016, up from EGP 2.05 billion in the previous year.
