Egypt’s National Cement’s profit in the year to end-June dropped 7.6 per cent to 280.9 million Egyptian pounds ($49.80 million), the stock exchange said on Sunday.

It did not give a reason for the decline in profit or give further details. National Cement’s profit in the previous year was 303.9 million pounds.

Shares in the company closed 3.6 percent down on Sunday at 39 pounds. ($1= 5.64 Egyptian pounds).
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