Suez Cement improves H1 headline numbers
The company said it was looking forward for improved demand with the progressive restart of public and private construction investments, as soon as a more stable political situation returns.
"Energy situation is expected to remain clouded by growing supply shortage, likely to affect cement production," the company said.
In this context, Suez Cement Group will continue focusing its efforts and investments on industrial and environmental efficiency, while keeping on hold any capacity expansion project.
First-half highlights included:
- Consolidated revenues 2,575 million Egyptian pounds (EGP), from 2,402 million EGP a year earlier.
- Recurring EBTIDA of 652 million EGP, from 568 million EGP.
- Net profit after non-controlling interest 389 million EGP, against 266 million EGP.
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