South Valley Cement Co SAE (SVCE)

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News

23 June 2024 00:49 PM South Valley Cement’s losses leap in Q1-24

Cairo – Mubasher: The net losses of South Valley Cement Company hiked to EGP 46.30 million in the first quarter (Q1) of 2024 from EGP 37.05 million in Q1-23. The company generated revenues amounting to EGP 328.37 million in the January-March 2024 …

Financial Results

25 April 2024 10:43 AM South Valley Cement posts over EGP 194.5m losses in 2023

Cairo – Mubasher: South Valley Cement Company incurred net losses amounting to EGP 194.65 million in 2023, an annual drop from EGP 208.74 million. Sales increased to EGP 877.42 million last year from EGP 873.73 million as of 31 December 2022, …

Financial Results

22 November 2023 10:52 AM South Valley Cement’s net losses down in 9M-23

Cairo – Mubasher: The net losses after tax of South Valley Cement Company plummeted year-on-year (YoY) to EGP 63.10 million in the first nine months (9M) of 2023 from EGP 83.81 million. The company posted revenues amounting to EGP 592.50 million …

Financial Results

20 August 2023 00:15 PM South Valley Cement’s losses cross EGP 76m in H1-23

Cairo – Mubasher: South Valley Cement Company suffered net losses after tax valued at EGP 76.24 million in the first half (H1) of 2023, marking a plunge from EGP 117.08 million a year earlier. Meanwhile, the sales jumped to EGP 464 million in the …

Financial Results

4 June 2023 00:07 PM South Valley Cement’s losses surge in Q1-23

Cairo – Mubasher: The net losses after tax of South Valley Cement Company increased to EGP 37.05 million in the first quarter (Q1) of 2023, compared to EGP 31.20 million in Q1-22. The sales amounted to EGP 338.32 million during the January-March …

Financial Results

6 March 2023 00:15 PM South Valley Cement reports nearly EGP 209m losses in 2022

Cairo – Mubasher: South Valley Cement Company witnessed an annual decline in net losses to EGP 208.74 million in 2022, compared to EGP 225.45 million. The EGX-listed firm reported sales worth EGP 873.73 million last year, higher than EGP 284.62 …

Financial Results

6 November 2022 00:42 PM South Valley Cement's losses down 41.47% in 9M-22

Cairo – Mubasher: The net losses of South Valley Cement Company decreased by 41.47% on an annual basis during the first nine months of 2022 to EGP 83.81 million, compared to EGP 143.20 million. Loss per share reached EGP 0.17 in 9M-22, compared to …

Financial Results

24 August 2022 11:32 AM South Valley Cement suffers EGP 117m losses in H1-22

Cairo – Mubasher: The net losses of South Valley Cement Company widened by 54.50% during the first half (H1) of 2022 to EGP 117.08 million, compared to EGP 75.75 million in the same period a year earlier. Loss per share came in at EGP 0.24 during …

Financial Results

31 October 2021 06:10 PM EGX-listed firms reveal impact of gas price hike on operations

By: Heba El-Kordy Cairo – Mubasher: Companies operating in the production of iron, cement, and fertilisers disclosed to the Egyptian Exchange (EGX) the impact of the government's decision to increase natural gas prices for factories by about 28% …

Company News

18 October 2021 05:24 PM EGX approves South Valley Cement's authorised capital cut

Cairo – Mubasher: The Egyptian Exchange's (EGX) listing committee approved the authorised capital reduction of South Valley Cement Company to EGP 12 billion from EGP 20 billion.  This decision is in line with the decree of the Financial Regulatory …

Financial Results

15 June 2021 04:38 PM South Valley Cement’s Q1 losses shrink 14%

Cairo – Mubasher: South Valley Cement Company posted net losses worth EGP 35.69 million during the first quarter (Q1) of 2021, lower by 13.77% than EGP 41.39 million in Q1-20. Loss per share stood at EGP 0.074 in Q1-21, compared to EGP 0.086 in …

Financial Results

1 April 2021 03:53 PM South Valley Cement's loss narrows 21% in 2020

Cairo – Mubasher: South Valley Cement Company incurred net losses of EGP 250.59 million in 2020, down by 20.7% year-on-year (YoY) from EGP 316.34 million. The cement producer’s sales retreated to EGP 350.21 million last year, compared to EGP …

Financial Results

11 March 2021 01:44 PM South Valley Cement approves rescheduling debts

Cairo – Mubasher: South Valley Cement Company approved authorising its vice-chairman and managing director to pen an agreement to reschedule all of the company’s loans and merge them into one loan. The facility agent will be the Commercial …

Banking and Finance

1 June 2020 00:41 PM EGX warns 8 listed firms of trading suspension

Cairo – Mubasher: The Egyptian Exchange (EGX) warned that trading on eight listed companies will be suspended if they fail to submit their financial statements for 2019 after the end of the new 45-day reporting period deadline. Companies that face …

Trading Activities

29 December 2019 03:20 PM South Valley Cement 9M losses enlarge 930%

Cairo – Mubasher: South Valley Cement Company posted a 930% year-on-year increase in losses during the first nine months of 2019, according to the company’s financial statements. The cement producer’s losses amounted to EGP 173.9 million in the …

Financial Results

16 May 2019 03:13 PM South Valley Cement reports 54% profit decline in 2018

Cairo – Mubasher: South Valley Cement posted a 54% year-on-year profit decline during the full-year 2018. The cement producer’s net profits amounted to EGP 10.18 million in the 12-month period ended 31 December, compared to EGP 22.14 million in …

Financial Results

16 April 2019 03:41 PM EGX suspends trading on Ajwa Group, South Valley Cement

Cairo – Mubasher: The Egyptian Exchange (EGX) has suspended trading on the stocks of Ajwa Group for Food Industries and South Valley Cement Co starting from Tuesday’s trading session. Suspension of trading on the stock of Ajwa Group for Food …

Trading Activities

9 July 2017 02:58 PM South Valley Cement profits fall 53% in Q1

Cairo – Mubasher: South Valley Cement Co on Sunday posted a 53% year-on-year drop in profits for the first quarter of 2017, due to increased costs and a decline in the re-evaluation of profits from investments. The Egyptian company achieved …

Financial Results

16 May 2017 10:49 AM TE joins MSCI EM index; EFG Hermes, TMG switch indices

Cairo – Mubasher: The MSCI Emerging Markets (EM) Index’s May 2017 semi‐annual review, released on Tuesday, has added Telecom Egypt’s (TE) stock to the small- and medium-sized companies’ index. The review also showed that Egyptian Financial Group …

Macroeconomics

15 May 2017 02:25 PM South Valley Cement turns profitable in Q4

Cairo – Mubasher: South Valley Cement Company turned to profitability in the fourth quarter of fiscal year 2016, compared to the same period last year. Net profit for Q4-16 reached EGP 104.14 million, versus a net loss of EGP 1.83 million for …

Financial Results

25 December 2016 00:44 PM South Valley Cement profits up 2.4% in Q3

Cairo – Mubasher: South Valley Cement said its profits grew by 2.4% y-o-y for the third quarter of 2016. The cement producer posted net profits of EGP 15.96 million for Q3 – 2016, up from EGP 15.32 million for the comparable period of the previous …

Financial Results

30 November 2016 05:35 PM South Valley Cement secures cement production license

Cairo – Mubasher: The Industrial Development Authority approved to grant South Valley Cement Co. a license to construct Beni Suef cement production line. The new production line cost will amount to EGP 160.3 million with production capacity of …

Companies Investments

22 November 2016 03:41 PM Cement licenses auction delayed to 30 Nov

Cairo - Mubasher: South Valley Cement announced that the auction of obtaining the cement licenses has been delayed till 30 November. Recently, the company submitted a request to obtain the new cement license from the Industrial Development …

Companies Investments

13 October 2016 11:23 AM South Valley Cement sees higher Q2 profits

Cairo – Mubasher: South Valley Cement reported a 69% rise in its profits for the second quarter of 2016, according to a bourse filing on Thursday. The company earned EGP 43.3 million ($4.9 million) in Q2-16, compared with EGP 25.6 million ($2.9 …

Financial Results

23 August 2016 10:55 AM South Valley Cement profits up 33% in Q1

Cairo – Mubasher: South Valley Cement reported an increase of 33% in net profits for the first quarter of 2016. The cement producer saw net profits of EGP 42.85 million ($4.81 million) in Q1-2016, up from EGP 32.25 million for the same period of …

Financial Results