Sinai Cement net profit climbs

Sinai Cement net profit climbs
Published: 16 August 2006

Egyptian Sinai Cement Company’s (SCC) net profit jumped to E£147.3m  (US$25.6m) in the first half of 2006 from E£65.5m (US$11.4m) in the year-ago period, the company said in a statement to Cairo and Alexandria Stock Exchanges (CASE) from August 15, 2006.  For 2005, SCC’s net profit soared to E£181.9m (US$31.7m) from E£80.7m  (US$14.1m) in 2004. 
 
SCC produced 1.6Mt of cement in the first half of 2006 and exported 40 per cent of its production, the Egyptian News Digest reported on January 20, 2006.