Egypt’s South Valley nine-month profit up 300 per cent

Egypt’s South Valley nine-month profit up 300 per cent
Published: 05 November 2007

Egypt’s South Valley Cement increased its net profit by 323 per cent to E£300m (US$54.7m) in the nine months ended Sept. 30, a statement from the company said on Sunday.  
 
The unaudited figures compare with E£70.9m in the same period of 2006, the statement added. 
 
On Thursday, South Valley Cement said it would distribute a dividend of one share for every three shares held.