Egypt's South Valley Cement 2010 net falls 66pct

Egypt's South Valley Cement 2010 unaudited net profit fell 66 percent to 50.9 million Egyptian pounds ($8.6 million), the firm said in a statement to the bourse on Tuesday.

The firm's 2009 net profit was 151.3m pounds according to the statement. Shares in South Valley Cement were trading 1.6 per cent higher at 1142 GMT while Egypt's benchmark share index inched down 0.2 per cent.