Tuesday 26 July 2016
 
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Suez Cement

Suez Cement ‘profit transfers hit by FX crisis’

Suez Cement, which is 55 per cent owned by Italian firm Italicementi, is struggling to transfer shareholder profits out of Egypt because of a foreign currency crisis, the Egyptian firm said on Monday. Egypt has been struggling to

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Egypt's Suez Cement reports Q3 net loss

Egypt's Suez Cement, the country's largest listed cement maker by market value, said it made a net loss of EGP50 million ($6.23 million) in the third quarter compared with a net profit of EGP52 million ($6.4 million) a year earlier.

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Suez Cement Q3 profit up; energy shortage hits output

Suez Cement, Egypt's largest listed cement maker by market value, said profits rose sharply in the third quarter though an energy shortage had raised costs and marred its outlook. Net profits after minority interests rose 40.5

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Suez Cement 9-month profit dips 8.5pc

Egypt's Suez Cement Group said on Thursday its nine-month net profit fell 8.5 percent to 906.7 million Egyptian pounds ($157 million), with sales down despite rising grey cement consumption.    Suez, Egypt's largest

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Suez Cement to pay cash dividend

Suez Cement, Egypt's largest listed cement maker, approved a cash dividend of EGP3.3 ($0.599) per share, the stock exchange said on Tuesday. The firm, a unit of Italy's Italcementi, also approved a EGP3 cash dividend for its subsid

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Suez Cement to pay cash dividend

Suez Cement, Egypt's largest listed cement maker, approved a cash dividend of EGP3.3 ($0.599) per share, the stock exchange said on Tuesday. The firm, a unit of Italy's Italcementi, also approved a EGP3 cash dividend for its subsid

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Suez Cement H1 net jumps 28.8pc

Egypt's Suez Cement reported a 28.8 per cent rise in first-half net profit before minority interest, the stock exchange said on Sunday. A subsidiary of Italy's Italcementi, Suez Cement posted a profit of 768.99 million Egyptian pounds ($14

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Suez Cement to buy 47pc of Kuwait's Hilal

Egypt's Suez Cement has agreed to buy 47 per cent of Hilal Cement in a deal that values the Kuwait-based firm at 25 million dinars ($88.62 million), the companies said. Suez, a subsidiary of Italy's Italcementi, would buy the stake from Bo

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