Cairo – Mubasher: South Valley Cement said its profits grew by 2.4% y-o-y for the third quarter of 2016.

The cement producer posted net profits of EGP 15.96 million for Q3 – 2016, up from EGP 15.32 million for the comparable period of the previous year.

As for the first nine months of 2016, the company saw an increase of 39.6% to EGP 101.8 million in net profits compared with EGP 72.9 million a year earlier.