Egypt's South Valley Cement 2010 net falls 66pc

Cairo, April 26, 2011

Egypt's South Valley Cement 2010 unaudited net profit fell 66 per cent to EGP 50.9 million ($8.6 million), the firm said in a statement to the bourse on Tuesday.

The firm's 2009 net profit was EGP 151.3 million according to the statement.

Shares in South Valley Cement were trading 1.6 per cent higher at 1142 GMT while Egypt's benchmark share index inched down 0.2 per cent.-Reuters

Tags: Construction | Egypt | industry | Building materials | South Valley Cement |