Egyptian Alexandria Cement net profit climbs

Egyptian Alexandria Cement net profit climbs
Published: 31 March 2006

Egyptian cement producer Alexandria Cement registered a surge in consolidated net profit to 194 mln Egyptian pounds (US$33.8m) in 2005, compared to 52.3 mln pounds (US$9.1m) in 2004, the company said in a statement to Cairo and Alexandria Stock Exchanges (CASE) from March 30, 2006.  Alexandria Cement was listed on CASE on September 27, 1995. Its capital is divided into 12 million listed shares with a par value of 10 pounds (US$1.74) each. The market capitalisation of the company amounts to 744.5 mln pounds (US$129.7m).