20/05/2012 03:52
English
English عربى
 
Search    


  





Investor Relations

SCGCs Board of Directors examines the results as of Mar. 2011

Cairo, 11th May 2011,

- CONSOLIDATED NET SALES: 1,421 MILLION EGP (-15.1%)
- CURRENT GROSS PROFIT: 404 MILLION EGP (-31.6%)
- OPERATING INCOME: 381 MILLION EGP (-12.1%)
- NET PROFIT AFTER INCOME Non-Controlling Interest: 277 MILLION EGP (-9.9%)

Cairo, 11th May 2011, At a meeting on May 11 chaired by Mr Omar Abdelaziz Mohanna, the Board of Directors of Suez Cement examined and approved the unaudited consolidated results as of March 31, 2011.

Over the result of March 2011 Suez Cement group, composed of Suez Cement company, Helwan Cement Company and Tourah Portland Cement Company, and all the affiliated companies reported a consolidated net sales of 1,421 million EGP with a decrease of 15.1 % compared to the same period of 2010; gross profit and operating income amounted respectively to 404 million EGP and 381 million EGP while the net profit "after non-controlling interest" amounted to 277 million EGP with a decrease of 9.9 % compared to the same period of 2010.

As of March 2011 Egypt`s domestic grey cement consumption decresed by 12.7 % compared to the same period of 2010 while the sales of Suez Cement group of companies decreased by 13.6 % for the same period.

The decrease in sales was mainly due to the instability of market conditions resulting from the political situation.



PR_Q1_31-3-2011.pdf



Archive Press Releases


Charter of values
This Charter of Values for Suez Cement states the basic principles underlying the Group’s governance model. It is the point where the personal ethics of each employee and those of the company come together in placing the individual as the basis of corporate development.
Charter of values
Highlights
Revenues
Revenues

4,820 M EGP
6,152 M EGP

EBITDA
EBITDA

1,199 M EGP
2,120 M EGP

Operating income
Operating income

875 M EGP
1,743 M EGP

Employees

3,528


As at 31.12.2011

As at 31.12.2010

The figures are consolidated ones (not stand alone)
 
© 2008 Suez Cement Copyright 
Last update 15/07/2011 07:29:04  UTC