Suez Cement Says Net Profits Jump by 7% in 9 Months

Suez Cement (SUCE.CA), one of Egypt’s largest cement makers by market value, has announced on Wednesday an increase of 6.8% in its consolidated net profit for the first nine months of 2013 to EGP 425.606 million. It is worth mentioning that the cement firm had posted consolidated net profit of EGP 398.456 million for the first nine months of 2012.

Meanwhile, Suez Cement’s standalone net profit has reached EGP 571.719 million, compared to EGP 531.803 million for the same comparable period a year ago.