National Cement Says FY/12 Profits Fall 20.1%

The National Cement Company – NCC (NCEM.CA)’s unaudited financial results estimates revealed a net profit of EGP 23.373 million for the FY/2012 ended on December 31^st, 2012, representing a decline of 20.1% to a year earlier net profit of EGP 29.253 million.

NCC’s revenues for FY/2012 surged to EGP 506 million, compared to EGP 343.5 million during the same period a year earlier, representing an increase of 47.3%.

Basic earnings per share for FY /2012 fell to EGP 0.22 compared to EGP 0.283 a year earlier.