Egypt’s Misr Cement Qena Q1 net profit up nine per cent

Egypt’s Misr Cement Qena Q1 net profit up nine per cent
Published: 10 May 2007

Egypt’s  Misr Cement Qena reported a nine per cent rise in net profit in the three months to the end of March, the stock exchange said on Wednesday.  
 
The exchange said in a statement net profit was E£69.5m  ($12.2m), compared with E£63.7m in the same period of 2006.  
 
No further details were given in the statement.  
 
In March, ASEC Cement, a subsidiary of Egypt-based Citadel Capital, bought a 9.9 per cent state in  Misr Cement Qena for about E£240m.