South Valley Cement profits up 2.4% in Q3
South Valley Cement
SVCE
-0.36%
2.77
-0.01
SVCE
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.
Source:
Mubasher