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Sheeni’s full-year profit drops 17.1%

Sheeni’s full-year profit drops 17.1%
Photo Credit: Arabianeye - Reuters
Sheeni
PRCL
-1.26% 9.41 -0.12

Cairo – Mubasher: The General Company for Porcelain & Ceramics Products (Sheeni) posted EGP 22.6 million ($2.87 million) net profit for the fiscal year 2014/2015, down 17.1% year-on-year from EGP 27.22 million ($3.46 million).

The company’s full-year revenues stood at EGP 202.9 million, up 9.5% compared with EGP 185.26 million in FY13/15.

Sheeni earlier posted 45% decline in its net profit for the 11-month period till 31 May.

The company’s unaudited net profit before tax amounted to EGP 19.56 million ($2.558 million), compared with EGP 35.483 million ($4.64 million) in the same period a year earlier.