Tourah Cement Co Q104 net profit soars, Egypt

The net profit of Egyptian cement company Tourah Cement Co soared to E£42.38m EUR5.7m in the first quarter of 2004 from 7.36 mln EUR987,000  in the same period of 2003. The growth in earnings followed a 60.4 per cent YoY upsurge in net sales to EUR18.9m, coupled with a 1.7 per cent increase in the cost of goods sold to EUR11.4m. As a result, gross profit jumped to EUR7.6m.