Egypt's EFIC profit up three fold in seven months
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Egypt's EFIC profit up three fold in seven months UPDATED 28 Aug 2008 | 2:12  
Egypt's EFIC profit up three fold in seven months

CAIRO (Reuters) - Egyptian fertiliser company Egyptian Financial and Industrial Co (EFIC) and one of its subsidiaries made a pretax profit of 218.1 million Egyptian pounds in the first seven months of 2008, about three times as much as in the same period of 2007.

The company said in a statement 125.0 million pounds of the profit came from Suez Fertilisers Co, which is 99.88 percent owned by EFIC, compared with 17.0 million.

EFIC itself made 93.1 million pounds, compared with 58.3 million in the same period of 2007.

Shares in EFIC, Egypt's third-largest fertiliser company, were trading 2 percent up at 52.77 pounds at 1.10 p.m. local (1010 GMT), in line with the main indexes.

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