Friday 17 May 2024
 
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Misr Cement

ASEC Cement finalises sale of two units for $127m

ASEC Cement, a subsidiary of Egypt-based Qalaa Holdings, has finalised the sale of ASEC Minya Cement and ASEC Ready Mix to Misr Cement Qena for a total of EGP1 billion ($127.7 million). In addition to the proceeds generated for Qa

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ASEC Cement to sell stakes in two units

ASEC Cement, a subsidiary of Egypt-based Qalaa Holdings, plans to sell its stakes in two of its units to Misr Cement (Qena) for EGP1 billion ($124.5 million). The respective stakes are 46.5 percent in ASEC Minya; and 55 percent in

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Misr Cement Qena profit down 12pc

Egypt's Misr Cement Qena said on Sunday its second quarter net profit dropped 12 percent from a year earlier.      Net profit slid to 92.1 million Egyptian pounds ($15.45 million) from 104.2 million in the sec

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Egypt's Misr Cement Q1 profit falls 11pc

Egypt's Misr Cement Qena posted an 11 per cent drop in 2011 first quarter net profit to 103.7 million Egyptian pounds ($17 million), the stock exchange said on Wednesday. The firm is one of the first to report first quarter results, which

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