Tourah Cement: major profit gain

Tourah Cement: major profit gain
Published: 01 February 2005

The net profit of Egyptian cement company Tourah Cement Co is seen to rise 159.2 per c year-on-year to 142.52m Egyptian pounds (US$24.7m) in 2004, according to analysis prepared by the local company Prime Securities.  The estimate is based on a revenue of 633.25m pounds (US$109.8m) in 2004, up 24.1 per cent year-on-year.  

Tourah Cement was established in 1927 and was listed on the Cairo and Alexandria Stock Exchanges (CASE) in 1995. Egyptian cement producer Suez Cement owns some 67 per cent of the company.