South Valley Cement Q1 profit up 39 percent

Reuters
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Egyptian group South Valley Cement posted a 39 percent jump in first-quarter net profit to LE 40.7 million ($7.2 million), the stock exchange said on Monday.

The company gave no further details on its results.

South Valley’s shareholders approved a LE 15 billion capital increase in May to buy the owner of the Citystars shopping mall complex in Cairo, Golden Pyramids Plaza.

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