Egyptian producer financials

Egyptian producer financials
Published: 19 May 2008

Egypt’s South Valley Cement reported a 16.3 per cent decline in first-quarter net profit to 46.5 million Egyptian pounds ($8.7 million), the stock exchange said on Sunday. The company made a net profit of 55.6 million pounds in the same period in 2007, the bourse said in a statement without further details. Shares in the company rose 5.4 percent to last trade at 33.42 Egyptian pounds.

Misr Beni Suef Cement reported a 4.6 percent rise in first-quarter net profit to 58.6 million Egyptian pounds ($11 million), the stock exchange said on Sunday. That was up from 55.9 million pounds a year earlier, the exchange said in a statement without further details. Shares in the company shed 1.8 percent to last trade at 99.01 pounds.

Sinai Cement reported first quarter net profit up 21.5 percent to 97.2 million Egyptian pounds ($18 million), the stock exchange said on Sunday. That was up from 80 million pounds a year earlier, the bourse said in a statement without further details. Shares in Sinai Cement last traded 0.3 percent down at 61.17 Egyptian pounds.