The following replaces the Interim dividends approved by OGM announcement released at 9:13 under RNS Number 6153M.
The words "and the standalone" have been inserted in the first paragraph.
The full amended text appears below.
Interim dividends 1 EGP approved by Ordinary General Meeting of Suez Cement Company
The company is confidentin the economic perspective in Egypt
Cairo, September 18, 2012 - Results of the consolidated and the standalone half-year financial report at June 30, 2012were reviewed today at an Ordinary General Meeting held by the Suez Cement Company (SCC) and the decision was made to distribute an interim dividend of one EGP per share.
At the meeting today, Chairman of the Board of SCC Mr. Omar Mohanna announced that the first semester consolidated results of 2012 showed marked improvements from the second semester of 2011 although they remained short of matching the same period of last year. SCC consolidated financial results of the first half of 2012 compared to second half of 2011 revealed that sales had improved by 16%. EBITDA and net profit both gained 47% and 70% respectively. As compared to the first half of 2011, sales had decreased 13%, with EBITDA and net profit decreasing respectively by 30% and 37%. Net profit reached 310 million EGP, down 184 million EGP from the first semester of 2011 and up 128 million EGP from the second semester.
The return of political and social stability is expected to provide stability to the market, coupled by intensified government efforts over the last period to promote investor confidence.
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