Egyptian Alexandria Cement Q1 2005

Egyptian Alexandria Cement Q1 2005
Published: 19 May 2005

Egyptian cement producer Alexandria Cement registered a 511.5 per cent year-on-year surge in consolidated net profit to 14.8 mln Egyptian pounds ($2.6m) for the first quarter of 2005, it was reported on May 18, 2005  The company’s net sales rose 26.1 per cent year-on-year to 87.8 mln pounds ($15.2m), while the cost of sales fell 17.9 per cent to 53.4 mln pounds ($9.2m). As a result the company reported a gross profit of 34.4 mln pounds ($5.9m), compared to 24.4 mln pounds ($4.2m).