Arabian Cement turns into loss during 2020 at LE 122.78M

CAIRO – 28 February 2021: Arabian Cement Company (ACC) turned into loss during 2020 at LE 122.78 million, compared to profits of LE 28.92 million in 2019, including minority rights.

The company's sales revenues declined during 2020 to LE 2.48 billion, compared to LE 3.1 billion in 2019.

As for standalone results, the company recorded losses amounted to LE 116.21 million in 2020, compared to profits of LE 30.09 million in 2019.

The company achieved losses amounting to LE 39.77 million during the period from January to September, compared to profits of LE 32.96 million in the comparative period of 2019, including minority rights.

Arabian Cement Company operates within the materials sector focusing on Construction Materials. It has subsidiaries operating across Egypt, working on trading Companies and distributors, coal and consumable fuels and construction materials.