Egypt’s National Cement year net profit up 52 per cent

Egypt’s National Cement reported a 52 per cent rise in net profit to 304m Egyptian pounds (US$52.95m) for the 12 months to the end of June, the stock exchange said on Monday.

The firm had reported net profit of 200m pounds in the previous fiscal year.

Most Egyptian cement companies have reported greatly increased profits this year, driven by strong export demand and faster growth in the domestic economy.