Alexandria Cement posts profits

Alexandria Cement posts profits
Published: 25 November 2004

Egyptian cement producer Alexandria Cement reported a consolidated net  profit of 37.39m Egyptian pounds (US$6.0m) for the first  nine months of 2004, compared to a net loss of 33.81m pounds (US$5.4m) in the same period of 2003.  The company’s net sales rose 45.95 per cent year-on-year to 256.38m pounds ($41.2m), while the cost of sales grew 10.3 per cent to 154.28m pounds (US$24.8).