South Valley Cement Company reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net income was EGP 13.15 million compared to EGP 33.27 million a year ago. Basic earnings per share from continuing operations was EGP 0.03 compared to EGP 0.069 a year ago.
For the nine months, net loss was EGP 63.1 million compared to EGP 83.81 million a year ago. Basic loss per share from continuing operations was EGP 0.13 compared to EGP 0.17 a year ago.