National Cement FY profit up 18%, Egypt
Egypt’s National Cement achieved an 18 per cent increase in annual net profit as its sales inched higher, the company said in a note to the stock exchange on Monday.
The firm’s unaudited net profit was E£321.7m the note said.
Sales by volume in the fiscal year to June 30 were 3.1Mt, up from 3Mt last year.
National Cement, majority controlled by state-owned Chemical Industries Holding Co., produces and trades cement, clinker and other related construction materials.
Published under Cement News
