Egypt's Sinai Cement said consolidated net profit rose 62 per cent in 2009 to EGP671.5 million ($122 million), the Egyptian stock exchange reported on Sunday.

The firm last year reported net profit of EGP414.1 million for 2008. The stock exchange gave no other details on the company's consolidated results.

Sinai Cement's shares closed 2.6 per cent higher on Sunday at EGP54.89. – Reuters