Cairo-Mubasher: Tourah Portland Cement recorded net losses of EGP 111.8 million ($14.3 million) in the fourth quarter of 2015.

The cement producer reported net losses of EGP 219 million ($28.1 million) in 2015, compared with EGP 14.4 million ($1.85 million) in 2014.

The company's FY15 sales declined to EGP 750.6 million, compared with EGP 984.51 million a year earlier.

The stock dropped 1.07% to EGP 12 at 1:07pm, Thursday, after 1,000 shares changed hands at a total traded value of EGP 12,000.