FLSmidth has sold its 7.5 percent stake in Egypt’s Sinai Cement Company for around 100 million Danish crowns (US$16.4m), the Danish company said.  

FLSmidth sold its stake to French building materials group Vicat , it said in a statement.  

FLSmidth raised its full-year pretax profit forecast by 30 million crowns due to the sale and now sees 2005 earnings before tax in the range of 350 million to 410 million crowns. 
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