Thursday, May 19, 2011

AFRICA: Egypt's National Cement reports 21% rise in nine month profit

Egyptian cement maker, National Cement has reported a 21% rise in nine-month profit to EGP257.2m ($43.25m), compared with a net profit of EGP212.4m in the same period a year earlier, Reuters has reported. The company, majority controlled by state-owned Chemical Industries Holding Co, produces and trades cement, clinker and related construction materials.

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