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Sinai Cement first-quarter profit falls 25 pct Egypt's Sinai Cement posted a 25 per cent fall in first-quarter unconsolidated net profit to 116.9 million Egyptian pounds
Egypt's Sinai Cement posted a 25 per cent fall in first-quarter unconsolidated net profit to 116.9 million Egyptian pounds ($19.66 million), the stock exchange said on Sunday. The firm made an unconsolidated net profit of 155.3 million pounds for the same period in 2010. Shares in Sinai Cement, the local unit of France's Vicat, closed 0.6 per cent higher at 48.02 pounds before the results release. The benchmark index closed up 1.6 per cent.