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Suez Cement reported net profits' drop by 54 per cent
Ahram Online Published in Ahram Online on 26 - 02 - 2012

Suez Cement, Egypt's biggest listed cement maker by market value, announced 21.6 per cent drop in its 2011 net sales compared to the previous year, the Company informed Egyptian Stocks on Thursday.
Cement group stated net sales for 2011 reached near LE5 million ($800 thousand) as its net profits shrunk by 54 per cent against 2010 recording LE569 million.
Sales' decline and prices' fall were the main reasons behind these disappointed financial results of Suez Cement, the company reported.
Suez has about 26 per cent of Egypt's grey cement market and 42 per cent of its white cement market.

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