Egypt’s Alex Cement Q1 rises 53 per cent

Egypt’s Alex Cement Q1 rises 53 per cent
Published: 21 May 2007


Egypt’s Alexandria Cement made net profit of 37.61 million Egyptian pounds ($6.61 million) in the first quarter of 2007, 53 percent up on the same quarter of 2006, the stock exchange said on Sunday. Net profits in the January-March quarter of 2006 were 24.65 million pounds. Both profit figures were quoted before minority interest, the exchange said in a statement. (US$1 = 5.69 Egyptian pounds)