Egyptian ASEC Cement soars

Egyptian ASEC Cement soars
Published: 25 August 2004

Egypt’s ASEC Cement Co, posted a net profit of 12.62 mln Egyptian pounds (US$2.0m) for the first half of 2004, up 345.2 pct year-on-year.  The increase in earnings followed a 26.7 per cent rise in operating revenue to 377.24 mln pounds (US$60.1m).