Egypt’s Sinai Cement 2010 net profit rises 35%

Egypt’s Sinai Cement 2010 net profit rises 35%
Published: 07 March 2011

Egypt’s Sinai Cement said net profit jumped 35% in 2010 to EGP905.7m (US$153.5m), according to the stock exchange on Sunday. The firm posted a net profit of EGP671.5m in 2009.

Sinai Cement, the local unit of France’s Vicat , said it registered a 7.6% increase in sales to EGP1.6bn, up from EGP1.5bn.