Thursday, October 28, 2010

AFRICA: Egypt: Suez Cement nine-month net profit dips 8.5 pct

Egypt's Suez Cement (SUCE.CA) 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 (ITAI.MI), 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.

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