South Valley Cement Co. said it achieved an increase by 9.5% (EGP 47.8 million) in sales during FY13 to EGP 553.1 million, compared with EGP 505.3 million a year earlier.
The cement producer posted EGP 133.474 million net profit for FY13, with 25% growth compared with EGP 106.86 million in FY12.
Earnings per share (EPS) amounted to EGP 0.28, compared with EGP 0.22.
The company attributed the profit rise to successful marketing campaign for products across the country, which bolstered its client base and brand despite fierce competition with global cement firms operating in Egypt.