Suez Cement net profit down 61.8% YOY in 1H of 2015

Suez Cement’s net profit registered EGP 118.9m in the first half (1H) of 2015, compared to EGP 311.9m in the same period of 2014, the company announced, referring to its consolidated financial statement.

Suez Cement is seeking to increase its energy intake and its production capacity by 15%, according to Bruno Carrè, the company’s Managing Director in Egypt, during the Milan Expo 2015. He added that the company will not file a request to obtain a new cement licence.