Suez Cement To Finish Environmental Projects In 2014

Suez Cement Company (SUCE.CA) claims that it invests EGP 600 million in the environmental projects of the Group’s factories in Egypt.

Bruno Carré, Managing Director, said these investments target lessening the dust emissions of the Group’s factories and reaching the same quality of the similar factories in European continent.

Carré added that these investments are decided to be done within 3 years, they started last year and will be done in the middle of 2014.

The Group’s consolidated financial statements in Q1 of 2012 achieved EGP 141.2 million net profits, with 49.1% decrease; comparing to EGP 277.4 million in Q1 of 2011.

The unconsolidated financial statements achieved EGP 67.6 million net profits at the same period; comparing to EGP 677.175 million last year.