Sinai Cement
SCEM
-11.33%
11.03
-1.41
SCEM
Mubasher: Sinai Cement’s consolidated losses widened by 237.7% in the first quarter of 2016, said the company in a bourse filing.
The company lost EGP 37.29 million ($4.2 million) in Q1-16 compared with EGP 11.04 million losses ($1.2 million) in the year-ago quarter.
Meanwhile, its unconsolidated losses for the same period hit EGP 38.06 million.
During 2015, the company turned a loss after registering a net loss of EGP 38.06 million against a net profit of EGP 93.5 million a year earlier.
Source:
Mubasher