Egyptian group South Valley Cement posted a 13 percent fall in net profit to LE 78.4 million ($13.8 million) for the first half of 2010, the stock exchange said on Monday.

The firm made LE 90.1 million in the same period a year earlier, the bourse said, without giving details.

In May, South Valley’s shareholders approved a LE 15 billion capital increase to buy Golden Pyramids Plaza, owner of the Citystars shopping mall complex in Cairo.