CAIRO: Egypt’s Torah Cement’s 2010 net profit rose 29.6 percent, the stock exchange said on Thursday.
Net profit rose to LE 443 million ($75.2 million) from LE 341.7 million in 2009.
Torah is a subsidiary of Egypt’s largest listed cement maker, Suez Cement, whose 2010 net profit declined 4.9 percent.
Suez, a subsidiary of Italcementi, holds approximately 26 percent of Egypt’s market share for grey cement and 42 percent for white cement.
