Cairo – Mubasher: Sinai Cement Co. said Thursday it logged EGP 11 million ($1.4 million) in consolidated net losses for the first quarter of 2015, against EGP 36 million ($4.7 million) in net profits in the same period a year earlier.

The cement producer posted EGP 10.9 million in standalone net losses, versus EGP 35.6 million in net profits in Q1-14.

The company previously reported a surge of 190.4% in net profits for 2014 to EGP 93.5 million.