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Sinai Cement first-quarter profit falls 25pc
CAIRO : Egypt 's Sinai Cement posted a 25 percent fall in first-quarter unconsolidated net profit to 116.9 million Egyp
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CAIRO: Egypt's Sinai Cement posted a 25 percent fall in first-quarter unconsolidated net profit to 116.9 million Egyptian pounds ($19.66 million), the stock exchange said on Sunday.
The firm made an unconsolidated net profit of 155.3 million pounds for the same period in 2010.
Shares in Sinai Cement, the local unit of France's Vicat , closed 0.6 percent higher at 48.02 pounds before the results release. The benchmark index closed up 1.6 percent.
Copyright Reuters, 2011
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