Egypt’s Suez Cement H1 profit $134 million
The firm reported a 4.8 percent increase in net sales to 3.4 billion Egyptian pounds.
July 21, 2010 11:15 by Reuters
Egypt’s Suez Cement group said on Wednesday it posted net profit of 766 million Egyptian pound ($134 million) in the first half of 2010, unchanged from the same period last year.
Suez, the country’s largest listed cement maker by market value and a unit of the Italcementi group, reported a 4.8 percent increase in net sales to 3.4 billion pounds.
The figures include all companies in the Suez group, which includes Helwan Cement and Torah Portland Cement, among others.
The firm supplies approximately 26 percent of Egypt’s market for grey cement and 42 percent for white cement.