The Alexandria Portland Cement Company revealed that in the past nine months, the company recorded net losses worth EGP 116m, in an official statement to the Egyptian Stock Exchange (EGX) on Sunday.

The aforementioned amount is compared to the EGP 71m in profits that were registered in the same period the year before.

In the first half (H1) of the current year, the company also recorded losses worth EGP 67.7m, unlike in H1 of 2014 where the company’s profits stood at EGP 38.5m.

Alexandria Portland Cement is a public company that has been listed on the Egyptian Stock Exchange (EGX) since 1995. The company produces and trades all types of cement, as well as other construction materials.