Suez Cement: Net Profit Tumble 20% in H1

Suez Cement (SUCE.CA), Egypt’s biggest listed cement maker by market value, recorded a first half consolidated net profit worth 312 million Egyptian pounds , 20% down from the same period a year earlier.

In H1/2013, Suez Cement’s consolidated net profit hit 388.7 million Egyptian pounds.

Meanwhile, the company attained standalone net profit amounting to 416.1 million Egyptian pounds, versus 549.7 million Egyptian pounds last year.