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South Valley Cement profits up 33% in Q1

South Valley Cement profits up 33% in Q1
South Valley Cement plant
South Valley Cement
SVCE
6.72% 7.15 0.45

Cairo – Mubasher: South Valley Cement reported an increase of 33% in net profits for the first quarter of 2016.

The cement producer saw net profits of EGP 42.85 million ($4.81 million) in Q1-2016, up from EGP 32.25 million for the same period of the previous year.

The company’s revenues reached EGP 254.82 million in Q1-2016, compared with EGP 223 million for the similar period of the preceding year.