The Egyptian cement producer logged EGP 250.59 million in net profits for the six-month period ended June, against a loss of EGP 40.61 million in the year-ago period, according to a filing to the Egyptian Exchange (EGX).
Sales amounted to EGP 3.96 billion at the end of June, versus EGP 3.11 billion in H1-17, the EGX-listed firm said.
As for the standalone business, profits climbed to around EGP 156.62 million in H1-18, up from EGP 20.81 million in the same period a year earlier.
Suez Cement previously reported an EGP 128.15 million in profits for the three-month period ended March, versus EGP 41.53 million in the prior-year period.
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