Sinai Cement (SCEM)

Cairo – Mubasher: Sinai Cement reported a consolidated net loss after tax of EGP 121.42 million in 2023, down from EGP 330.41 million a year earlier, according to a bourse filing. Net sales surged to EGP 4.28 billion last year from EGP 2.34 …

Cairo – Mubasher: The extraordinary general meeting (EGM) of Sinai Cement agreed to increase its authorised capital to EGP 10 billion, according to a bourse filing. The shareholders also approved raising the issued capital by EGP 1.68 billion to …

Cairo – Mubasher: Sinai Cement received the approval of the Financial Regulatory Authority (FRA) to proceed with the capital hike procedures under the board’s proposal in May 2023.     The EGX-listed firm plans to raise its authorised capital to …

Cairo – Mubasher: Sinai Cement reported consolidated net losses after tax amounting to EGP 121.45 million in the first nine months (9M) of 2023, compared to EGP 176.70 million in 9M-22, including minority interest. The sales hit EGP 3.22 billion …

Cairo – Mubasher: The consolidated net losses after tax of Sinai Cement declined to EGP 58.47 million in the first quarter (Q1) of 2023 from EGP 67.19 million in Q1-22, including minority interest. Loss per share amounted to EGP 0.44 in Q1-23, …

Cairo – Mubasher: Sinai Cement witnessed an annual drop in consolidated net losses after tax to EGP 330.41 million in 2022, compared to EGP 354.03 million, including minority interest. The EGX-listed firm generated sales worth EGP 2.34 billion …

Cairo – Mubasher: Vicat Egypt, a subsidiary of France's Vicat Group, a French company manufacturing cement, increased its ownership in Sinai Cement to 67.18% from 51.02% for EGP 139.55 million. Vicat Egypt purchased 21.50 million shares in the …

Cairo – Mubasher: The Egyptian Exchange (EGX) announced a block trading deal worth EGP 139.55 million on the shares of Sinai Cement. The transaction was executed on 21.50 million of the company's shares, according to a stock exchange filing on …

Cairo – Mubasher: The consolidated net losses of Sinai Cement narrowed to EGP 179.89 million during the first nine months (9M) of 2022, compared to EGP 333.71 million, including minority shareholders’ rights. Sales of the EGX-listed firm totalled …

Cairo – Mubasher: Sinai Cement has registered consolidated net losses after tax of EGP 67.19 million during the first three months (3M) of 2022, lower than EGP 147.97 million in the year-ago period. The revenues increased to EGP 475.57 million in …

Cairo – Mubasher: Sinai Cement incurred consolidated net losses after tax of EGP 323.28 million in the first nine months (9M) of 2021, down 23.9% from EGP 424.98 million in the same period of 2020. The company's revenues increased to EGP 984.76 …

Cairo – Mubasher: Sinai Cement registered standalone net losses of EGP 252.66 million in the first half (H1) of 2021, up by 2.83% year-on-year (YoY) from EGP 245.69 million.  The cement producer's net sales surged to EGP 639.93 million in the …

Cairo – Mubasher: Sinai Cement incurred consolidated net losses after tax worth EGP 147.97 million in the first quarter (Q1) of 2021, higher 40% than EGP 105.8 million in Q1-20. Loss per share stood at EGP 2.17 in Q1-21, compared to EGP 1.55 in …

Cairo – Mubasher: The standalone financial statements of Sinai Cement showed net losses of EGP 105.44 million in the first quarter of 2020, an increase of 34.9% year-on-year (YoY) from EGP 78.16 million. The cement producer’s net sales increased …

Cairo – Mubasher: The consolidated financial statements of Sinai Cement reported a 31.34% year-on-year increase in its losses during the first nine months of 2019. Net losses ballooned to EGP 313.72 million during the period from January to …

Cairo – Mubasher: The standalone financial statement of Sinai Cement showed a 30% year-on-year increase in its net losses during the first nine months of 2019. The cement producer incurred net losses of EGP 331.22 million in the January-September …

Cairo – Mubasher: Sinai Cement’s consolidated financial statements showed a 20.2% year-on-year loss increase during the first six months of 2019. The company’s consolidated loss went up to EGP 187.23 million in H1-19, compared to EGP 155.74 …

Cairo – Mubasher: Sinai Cement affirmed news reports about the company’s plan to raise its production efficiency. Vicat Egypt for Cement Industry aims to inject EUR 30 million to finance the company’s plan, according to a statement to the Egyptian …

Cairo – Mubasher: Beltone Financial Holding announced that Sama Cement has decreased its stake in Sinai Cement to 6.75%. Sama Cement has sold about 2 million shares in Sinai Cement, slashing its stake to 6.75% from 9.689%, according to a statement …

Cairo – Mubasher: Beltone Financial Holding announced that Reliance Logistics Company has increased its stake in Sinai Cement to 10.445%. Reliance Logistics Company purchased about 2.001 million shares in the cement firm, raising its stake to …

Cairo – Mubasher: EFG Hermes announced that Reliance Logistics Company has increased its stake in Sinai Cement to 7.504%. Reliance Logistics Company purchased about 5.08 million shares in the cement firm, boosting its stake to 7.504% from 0.03%, …

Cairo – Mubasher: EFG Hermes announced that El Swedy Cement has sold its entire stake in Sinai Cement for EGP 41.97 million. El Swedy Cement sold 5.08 million shares, or 7.476% of Sinai Cement’s capital, at an average price of EGP 8.25 per …

Cairo – Mubasher: Sinai Cement reported a 13.7% standalone loss decline year-on-year in 2018. The Egyptian firm’s net losses logged EGP 305.89 million ($17.56 million) last year, compared to EGP 354.73 million ($20.36 million) in 2017, according …

Cairo – Mubasher:  France’s Vicat group plans to increase its stake in Sinai Cement, managing director of Egypt-based cement producer Gianfranco Tantardini said. The French group will invest around EUR 50 million in Sinai Cement in order to …

Cairo – Mubasher: Sinai Cement has suffered a loss of EGP 351.5 million during the fiscal year 2017 against profits worth EGP 14.64 million in the previous fiscal year. The negative turn in FY17 income statements is attributed to lower sales of …