Sinai Cement cuts consolidated losses in 9 months
Updated 11/30/2021 9:53:03 AM
ArabFinance: Sinai Cement Company (SCEM) incurred a consolidated net loss after tax attributable to the parent company of EGP 323.28 million in the first nine months of 2021, according to the company’s financial statement filed to the Egyptian Exchange (EGX).
It is worth noting that the company’s consolidated net loss after tax during the January-September period of 2020 stood at EGP 424.98 million.
Consolidated net sales amounted to EGP 984.76 million in the nine-month period ended September 30th, 2021, growing from EGP 588.69 million in the same period of 2020.
Sinai Cement is engaged in the manufacture and packing of different types of cement and its related products.
The Egypt-based company also produces clinker, cement, and other related products, in addition to cement packing bags.
