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FINANCIAL NEWS
Egypt’s National Cement reports 18% rise in profits
07 Sep 2010
(MENAFN) Egypt’s National Cement said in a disclosure to the local stock market that achieved an 18 percent increase in annual net profit as its sales inched higher, Reuters reported.
According to the disclosure, the firm’s unaudited net profit was $56.4 million. Sales by volume in the fiscal year to June 30 were 3.1 million tons, up from 3 million last year.
National Cement, majority controlled by state-owned Chemical Industries Holding Co, produces and trades cement, clinker and other related construction materials.
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