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

The firm's 2009 net profit was EGP 151.3 million 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.-Reuters