Alexandria Cement posts 34% decline in 1Q11 net profit, Egypt

Alexandria Cement posts 34% decline in 1Q11 net profit, Egypt
31 May 2011


Egypt’s Alexandria Cement posted a 34 per cent fall in consolidated net profit to E£101.4m (US$17m) for the first quarter of 2011, the stock exchange said on Tuesday. The firm, a subsidiary of Titan Cement reported net profit of E£154.1m in the same period last year, the bourse said.
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