South Valley Cement Co. (SVCC) posted EGP 122.5 million net profit for FY13, with 14.6% growth year-over-year from EGP 106.9 million net profit in FY12.
Earnings per share (EPS) rose to EGP 0.26 from EGP 0.22. The company’s cement sales increased to EGP 553.1 million, compared with EGP 505.4 million in FY12.
SVCC operates with issued and paid-in capital of EGP 2.4 billion, divided into 482.3 million shares at EGP5 par value each.