Sinai Cement net profit climbs

Sinai Cement net profit climbs
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. 
Published under Cement News