Suez Cement nine-month net profit, Egypt

Suez Cement nine-month net profit, Egypt
Published: 03 December 2004

Egypt’s Suez Cement  reported a 94 per cent increase in nine-month 2004 net profit to E£182.59m. The company, 34 per cent owned by Ciments Francais, earned E£93.09m in the same period last year, the company said in the statement. Analysts have said Egyptian cement companies have benefited from a sharp rise in domestic cement prices this year, alongside a rise in cement exports.