Friday, February 25, 2011

AFRICA: EGYPT: Egypt's Suez Cement 2010 profit falls 4.9 percent




Egypt's Suez Cement (SUCE.CA) (SUCEq.L) posted a 4.9 percent decline in 2010 net profit to 1.2 billion Egyptian pounds ($209.9 million), the stock exchange said on Thursday.

Suez Cement posted 1.3 billion pounds of net profit in 2009.

The firm, Egypt's largest listed cement maker by market value, is a subsidiary of Italcementi (ITAI.MI).

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