Egyptian National Cement profit soars

Egyptian National Cement profit soars
Published: 24 November 2005

National Cement Company (NCC) registered a record-high year-on-year increase of 1180 per cent in its net profit for the first quarter of the fiscal 2005/06, ending June 30, 2006, recording figures of 155m Egyptian pounds ($26.9m).  The company’s operating revenue rose 41.1 per cent to 209.44 mln pounds ($36.4m), while the cost of goods sold increased 8.8 per cent to 131.73m pounds ($22.9m).