Misr Beni Suef Cement switches to losses in 9 months
Updated 11/14/2022 12:15:00 PM
Arab Finance: Misr Beni Suef Cement Company (MBSC) incurred a net loss after tax of EGP 388.27 million in the first nine months of 2022, versus a net profit of EGP 83.20 million in the year-ago period, according to the financial statement filed to the Egyptian Exchange (EGX) on November 14th.
Sales amounted to EGP 1.25 billion in the nine-month period ended September 30th, growing from EGP 705.57 million in the same period of 2021.
Established in 1997, MBSC operates within the materials sector focusing on construction materials.
MBSC is located in the center of Egypt, 190 km south of Cairo. It started production in 2003 with a plant of one cement production line. In 2006, the company built one new cement production line.
