Alexandria Cement posts 34% decline in 1Q11 net profit, Egypt

Alexandria Cement posts 34% decline in 1Q11 net profit, Egypt
Published: 31 May 2011

Egypt’s Alexandria Cement posted a 34 per cent fall in consolidated net profit to E£101.4m (US$17m) for the first quarter of 2011, the stock exchange said on Tuesday. The firm, a subsidiary of Titan Cement reported net profit of E£154.1m in the same period last year, the bourse said.