CAIRO: Torah Cement’s net profit rose 18 percent in the first quarter, the Egyptian stock exchange said on Tuesday.
Net profit climbed to LE 97.6 million ($16.4 million) from 82.5 million in the same period of 2010, the bourse said in a statement.
Torah is a subsidiary of Egypt’s largest listed cement maker, Suez Cement, whose first-quarter profit dropped 10 percent.
Suez, a subsidiary of Italcementi, controls approximately 26 percent of Egypt’s market for grey cement and 42 percent for white cement.
