Misr Cement Qena net profit increases by 9.6%

Misr Cement Qena net profit increases by 9.6%
Published: 20 February 2009

The net profit of Egyptian cement producer Misr Cement Qena increased by 9.6% to reach EGP 302.9m (US$54m) in 2008, the stock exchange said in a statement. Misr Cement Qena is an Egypt-based company engaged in the production of different types of cement and its derivatives. The company’s plant is located in Qeft city, 42km north of Luxor international airport, Egypt, with an annual production capacity exceeding 1.4Mt of ordinary Portland cement.