The average US pet coke price fell 10 percent month-on-month in June to USD 245/ton and a similar drop was reflected in the domestic pet coke price in July

The cement producer is currently listed on the parallel Nomu market

The group's profit before tax from continuing operations, however, decreased

Meanwhile, the group's sales volumes fell 3.6 percent year-on-year

This cement plant is the 7th in the group and has a production capacity of 1.6 MT/year and represented an investment of 3 MMDH

The company's revenue in the third quarter is expected to reach NGN 102.7 billion

In the first five months of the year, the company's revenue was also down by 6 percent

The performance was affected by significant increases in the cost of goods and shortages of raw materials

The company has also revealed the development of cement plant in the Jazan region of Saudi Arabia

Revenues increased to EGP 475.57 million in the first quarter of 2022, compared to EGP 282.62 million in Q1-21

Quarterly revenue increased 19.3 percent year-on-year

The company posted an increase in domestic cement sales volume by 12.6 percent

The Portuguese cement business struggled with the increase in production costs

Sales volume in the period decreased by 24.1 percent year-on-year

The company saw its net income dip 3 percent year-on-year, despite higher sales

However, its total revenue from operations increased 3.3 percent

Revenue from operations grew by 4.5 percent year-on-year

The company's net profits after Zakat and tax dropped 61.4 percent year-on-year

The company reported a decline in profit of 49 percent year-on-year

The company recorded a 7.3 percent year-on-year increase in volume