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Egypt's Suez Cement Q2 net profit tumbles 57%

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World Cement,

Egypt's biggest cement producer by market value is Suez Cement. The company has posted a second-quarter net profit of US$7.8 million, down from the same period a year earlier.

The company announced that revenue dropped 15%. Revenue was damaged by lower prices and exports.

Suez Cement has declared that it is diversifying its energy sources to mitigate the impact of shortages.

Edited from source by Joseph Green. Source: Reuters 

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