Cairo – Mubasher: South Valley Cement reported a 69% rise in its profits for the second quarter of 2016, according to a bourse filing on Thursday.

The company earned EGP 43.3 million ($4.9 million) in Q2-16, compared with EGP 25.6 million ($2.9 million) for the year-ago quarter.

During the first six months, the company registered EGP 86.14 million, higher 49% year-on-year from EGP 57.8 million.

In the first half as well, sales increased 6.6% year-over-year to EGP 495.3 million from EGP 464.8 million, the bourse filing indicated.