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National Cement shareholders approve FY14/15 budget estimate

National Cement shareholders approve FY14/15 budget estimate
National Cement
NCEM
0.00% 15.19 0.00
The ordinary general meeting of National Cement Co. reviewed and approved yesterday FY14/15 estimated budget.
Shareholders also agreed on reducing the targeted production for the FY13/14.

The company posted 18.5% fall in H1-13/14 net profit to EGP 19 million, from EGP 23 million reported in the same period a year earlier.