Suez net profit surges, Egypt

Suez net profit surges, Egypt
Published: 12 May 2006

Egypt’s Suez Cement Co (SCC), 51 per cent held by Ciments Francais, registered a surge in consolidated net profit to E£222.7m (US$38.6m) in the first quarter of 2006, compared to E£105.7m (US$18.3m) in the year-ago period, Cairo and Alexandria Stock Exchanges (CASE) said.
 
SCC posted a consolidated net profit of E£776.9m (US$134.7m) in 2005, up from E£335.1m (US$58.1m), according to CASE. 
 
SCC registered a consolidated net financial debt of some EUR194m (US$249.5m) at the end of 2005. Net financial debt stood at EUR649m (US$834.5m) at end-2004.