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Recording a decline of 11.9%, Alexandria Portland Cement’s consolidated financial statement for 2011 revealed that the company had posted net profits of L.E520.5 million, compared to net profits of L.E590.9 in 2010.
On the other hand, the unconsolidated financial statement for 2011 has revealed net profits of L.E633.8 million, compared to L.E252.2 as net profits for the FY 2010.
Alexandria Portland Cement – founded on March 1st, 1948 – produces and trades in building materials, such as cement, gypsum, bricks, tiles, hydro-limestone, lime and concrete by self and in partnership with third-parties; marketing products locally and overseas.
