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.
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