Friday, April 29, 2011

AFRICA: EGYPT: Egypt's South Valley Cement 2010 net falls 66 pct



Egypt's South Valley Cement 2010 unaudited net profit fell 66 percent to 50.9 million Egyptian pounds, the firm said in a statement to the bourse on Tuesday.

The firm's 2009 net profit was 151.3 million pounds according to the statement.

Shares in South Valley Cement were trading 1.6 percent higher at 1142 GMT while Egypt's benchmark share index inched down 0.2 percent.

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