Egypt’s Suez Cement 2011 1Q profit down 10%

Egypt’s Suez Cement 2011 1Q profit down 10%
Published: 15 June 2011

Egypt’s Suez Cement posted a 10 per cent decline in 2011 first-quarter net profit to EGP277.4m (US$46.68m), the stock exchange said on Tuesday.

Suez Cement reported EGP307.8m of net profit for the same period in 2010.

The firm, Egypt’s largest listed cement maker by market value, is a subsidiary of Italcementi