Monday, August 1, 2011

AFRICA: EGYPT: Egypt's National Cement full-year profit dips 3 pct

Egypt's National Cement annual net profit fell 3 percent to 311.3 million Egyptian pounds ($52.2 million), the company said in a note to the stock exchange on Monday.

The firm posted a net profit of 321.7 million pounds for the same period last year.

National Cement, majority controlled by state-owned Chemical Industries Holding Co., produces and trades cement, clinker and other related construction materials.

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