Egypt’s Suez Cement posts fall in Q1 net profit to $7.6 million

Suez Cement, Egypt's largest listed cement maker by market value, on Thursday reported a first-quarter net profit of LE58 million ($7.60 million), down from LE169 million a year earlier.

Revenue fell 3 percent said Suez Cement citing "unforeseen pressures" in the construction sector that depressed overall demand for cement products as well as higher energy costs.

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