Alex Cement Q1 net profit drops 34 pct

DNE
DNE
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CAIRO: Egypt’s Alexandria Cement posted a 34 percent fall in consolidated net profit to LE 101.4 million ($17 million) for the first quarter of 2010, the stock exchange said on Tuesday.

The firm, a subsidiary of Greek cement maker Titan Cement reported net profit of LE 154.1 million in the same period last year, the bourse said.

 

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