Egypt's Torah Cement H1 profit falls 12 per cent

Subsidiary of country's largest cement maker Suez Cement also feels the squeeze as profits for first half of 2011 fall to LE167.9 million

Egypt's Torah Cement first-half net profit for 2011 fell 12 per cent to LE167.9 million (US$28.2 million), the stock exchange said on Sunday.
Torah is a subsidiary of Egypt's largest listed cement maker, Suez Cement, which first-half net profit declined by 37 per cent.
Suez, a subsidiary of the Italcementi group , holds a little more than a quarter of Egypt's grey cement market and 42 per cent of its white