Cairo – Mubasher: The ordinary general meeting of National Cement Company approved 2016/17 budget estimate.
In a bourse filing, the company said a net profit of EGP150 million is targeted in 2016/17. Moreover, it appealed for lowering gas prices for cement sector such as the industry of iron and steel in Egypt.
Earlier, the company announced its EGP620 million investment strategy that is divided into self-financed investments at EGP19 million and EGP430 million bank-loaned investments,
In 2015/16 estimated budget, the company targeted to log EGP90 million in losses.
