Egyptian Torah Cement net profit jumps to $31.4 Mln H1 2006

Egyptian Torah Cement net profit jumps to $31.4 Mln H1 2006
Published: 02 August 2006

Egyptian Torah Cement registered a net profit jump to E£180.4m (US$31.4m) in the first half of 2006, from E£70.5m (US$12.3m) in the year-ago period, Cairo and Alexandria Stock Exchanges (CASE) said on August 1, 2006.

The company was listed on CASE in February 1995 and is traded under the TORA.CA symbol. It has 23,841,400 listed shares with a face value of 10 pounds ($1.74/1.37 euro) each. Market capitalisation amounts to 3.051 bln pounds ($531.3 mln/416.5 mln euro).

Torah Cement made a net profit of 80.8 mln pounds ($14.1 mln/11 mln euro) in the first quarter of 2006, 54 percent up on the same period of 2005.