Egypt’s National Cement net profit drops 17%

Egypt’s National Cement net profit drops 17%
Published: 10 November 2010

Egypt’s National Cement’s net profit for the July-September quarter fell 17 per cent from a year earlier, the stock exchange said on Wednesday.

Net profit for the three months was E£54.5m (US$9.5m), down from E£65.8m in July-September 2009, the exchange said without adding details.

National Cement, majority controlled by state-owned Chemical Industries Holding Co., produces and trades cement, clinker and other related construction materials.