Egypt's Alex Cement 2010 net profit rises 17 per cent

Reuters, Wednesday 30 Mar 2011

Subsidiary of Greek firm sees nearly LE600m of gains

Egypt's Alexandria Cement said it posted a 17.3 per cent rise in 2010 net profit to 590.9 million Egyptian pounds (LE), the stock exchange said on Wednesday.

The firm, a subsidiary of Greek cement maker Titan Cement reported net profit of LE503.6m for the year 2009.

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