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Suez Cement nine-month net profit dips 8.5 pct
The company's operating income slipped 10 percent to 1.256 billion pounds.
October 28, 2010 1:05 by Reuters
Egypt’s Suez Cement posted an 8.5 percent fall in nine-month net profit to 906.7 million Egyptian pounds ($157 million), the company said on Thursday.
Suez, Egypt’s largest listed cement company and a subsidiary of Italcementi, said its consolidated net sales in the period fell 2.1 percent to 4.69 billion pounds while operating income slipped 10 percent to 1.256 billion pounds.