Suez Cement Co. posted EGP 363.82 million consolidated net profit for the first nine months of FY14, representing a decline by 14.5% compared with EGP 425.606 million net profit in the same period a year earlier.
Standalone financial results for the same period mirrored EGP 472.201 million net profit, compared with EGP 571.719 million in the first nine months of FY13
H1 consolidated financial results showed EGP 312 million net profit, with a fall by 20% y/y from EGP 388.7 million net profit.
Meanwhile, standalone financial results mirrored EGP 416.1 million net profit, compared with EGP 549.7 million net profit in H1-13.
The cement producer had generated EGP 538 million net profit in FY13, compared with EGP 524 million net profit in FY12.