Egypt’s Suez Cement H1 net profit jumps 28.8 per cent
Egypt’s Suez Cement SUCE.CA reported a 28.8 per cent rise in first-half net profit before minority interest, the stock exchange said on Sunday.
A subsidiary of Italy’s Italcementi, Suez Cement posted a profit of EGP768.99m (US$145.1m), up from EGP597.04m a year earlier, the bourse said. It gave no further details.
Shares in Egypt’s largest cement firm by market value were down 10.1 per cent to EGP40 by 1126 GMT. Published under Cement News
