Misr Beni Suef Cement H1 2007 Net Profit Up

In 2006 the company’s net profit soared 71 pct year-on-year to 227.7 mln pounds (US$40.4 mln/29.6 mln euro). It also distributed 2.7 pounds ($0.48/0.35 euro) of dividend per share.

The company was set up in November 1997 with an authorised capital of 500mln pounds (US$88.6 mln/64.9 mln euro). Its capacity stands at 1.5 million tonnes a year of which 600,000 tonnes are reportedly exported mainly to European markets.