Wednesday, June 15, 2011

AFRICA: Egypt's Suez Cement 2011 Q1 profit down 10 pct

Egypt's Suez Cement (SUCE.CA) (SUCEq.L) posted a 10 percent decline in 2011 first-quarter net profit to 277.4 million Egyptian pounds ($46.68 million), the stock exchange said on Tuesday.

Suez Cement reported 307.8 million pounds of net profit for the same period in 2010.The firm, Egypt's largest listed cement maker by market value, is a subsidiary of Italcementi (ITAI.MI).

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