Egypt's Sinai Cement posts Q1 net profit of $27.7 mln

Egypt's Sinai Cement posted consolidated net profit of 156 million Egyptian pounds ($27.7 million) in the first quarter of 2010, the stock exchange said on Tuesday.

The statement did not provide a comparative consolidated profit figure for last year but said non-consolidated net profit for the first quarter of 2010 was 155.3 million, down from 158 million pounds the same period last year.

Shares in Sinai Cement, the local unit of France's Vicat , closed 0.5 percent higher at 49.5 pounds. The benchmark index closed 1.8 percent higher.

From China Cement (2010-5-19)