Egyptian Ameriya Cement net profit up

Egyptian Ameriya Cement net profit up
Published: 24 May 2006

Egyptian company Ameriya Cement almost doubled its consolidated net profit to 74.1 mln Egyptian pounds (US$12.8m) in the first quarter of 2006, compared to 40 mln pounds (US$6.9m) in the year-ago period, the Cairo and Alexandria Stock Exchanges (CASE) said on May 23, 2006.  Non-consolidated net profit increased even more to 33.3 mln pounds (US$5.8m) from 8.2 mln pounds (US$1.4m).