Torah Cement, Egypt, released 9M FY04 results ending September, in which net income came in at an impressive LE144.1 million, reflecting a 3.8x y-o-y surge over the LE38.3 million realized in 9M FY03. The bottom line advance stemmed from several compounding elements; sales revenues jumped an annual 25.9 per cent to arrive at LE461.1 million, versus a previous LE366.1 million, while the COGS/Revenues ratio calculated 53 per cent, implying substantial improvement down from 71 per cent over the comparable period last year. Published under Cement News
Torah Cement, Egypt, released 9M FY04 results ending September, in which net income came in at an impressive LE144.1 million, reflecting a 3.8x y-o-y surge over the LE38.3 million realized in 9M FY03. The bottom line advance stemmed from several compounding elements; sales revenues jumped an annual 25.9 per cent to arrive at LE461.1 million, versus a previous LE366.1 million, while the COGS/Revenues ratio calculated 53 per cent, implying substantial improvement down from 71 per cent over the comparable period last year. Published under Cement News
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