Torah Cement posts 1H rise, Egypt

Torah Cement posts 1H rise, Egypt
Published: 11 August 2010

Egypt’s Torah Cement posted a 7.3 per cent rise in its 2010 first half net profit to E£191.4m  (US$33.7m), the stock exchange said on Tuesday.

Torah is a subsidiary of Egypt’s largest listed cement maker, Suez Cement , which posted a first-half net profit unchanged from last year.

Suez, a subsidiary of the Italcementi group, holds a little more than a quarter of Egypt’s grey cement market and 42 per cent of its white cement market.