Egypt's Sinai Cement H1 profit rises 8.3 percent

CAIRO, Aug 13 (Reuters) - Egypt's Sinai Cement (SCEM.CA) posted an 8.3 percent increase in first half pre-tax profit to 203.1 million Egyptian pounds ($38.1 million), the stock exchange said on Wednesday.

Shares in the company, which has a market capitalisation of 1.84 billion pounds, were trading 1.4 percent lower at 52 pounds by 0839 GMT amid wider market selloff.

($1 = 5.326 Egyptian pounds)

(Writing by Wael Gamal)