Egypt’s Suez Cement and Asec Cement, both controlled by Italcementi, reported sharp rises in their firt-quarter net profits on Sunday, with rises of 111 and 77 percent respectively.
Suez Cement, Egypt’s top cement producer, said it made a net profit of E£222.65m (US$38.65m) in the first three months of 2006, while Asec said it made E£94.85m in the same period.
