Sinai Cement posts Q1 net profit of $27.7 mln

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CAIRO: Egypt’s Sinai Cement posted consolidated net profit of LE 156 million ($27.7 million) in the first quarter of 2010, the stock exchange said on Tuesday.

The statement did not provide a comparative consolidated profit figure for last year but said non-consolidated net profit for the first quarter of 2010 was LE 155.3 million, down from LE 158 million the same period last year.

Shares in Sinai Cement, the local unit of France’s Vicat, closed 0.5 percent higher at LE 49.5. The benchmark index closed 1.8 percent higher.

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By Reuters
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