Egypt’s Misr Cement narrows net profit to 60.5mn pounds in 9 months

Egypt’s state-run Misr Cement Company reported Thursday a drop in its net profit after tax to reach 60.5 million Egyptian pounds ($3.4 million) during the first nine months of 2017.

Earlier, profit stood at 268.6 million during the first nine months of 2016.

The company made sales worth 1.94 billion pounds from 2 billion last year.

Source: Reuters