Egyptian National Cement profits down

Egyptian National Cement profits down
Published: 09 August 2006

Egyptian National Cement Company (NCC) registered a decrease in net profit to 256.2m Egyptian pounds (US$44.6m) for the first nine months of the fiscal 2005/2006, ended June 30, 2006, against 308.6m pounds (US$53.7m) in the year-ago-period, Cairo and Alexandria Stock Exchanges (CASE) said on August 8, 2006. The company’s operating revenue rose 41.1 per cent to 209.44m pounds (US$36.5m), while the cost of sold goods increased 8.8 per cent to 131.73m pounds (US$22.9m).