Torah Cement reports $6.1 million net profit for first 9 months of 2003
Egypt's Torah Cement has reported a net profit of 38.3 million Egyptian Pounds ($6.1 million) for the first nine months of 2003 compared to four million pounds during the same period earned during the previous year.
Established in 1927, Cairo-based Torah Cement manufactures and markets cement and building materials in Egypt and abroad. A 65 percent stake in Torah Cement acquired in 2000 by Suez Cement made the latter the biggest company in the sector with a market share of 30 percent. — (menareport.com)
© 2004 Mena Report (www.menareport.com)