Cairo – Mubasher: General Company for Ceramic and Porcelain Products (Sheeni) said its profits declined by 14.4% in the fiscal year 2015/16, according to a bourse filing on Monday.

The company earned EGP 17.2 million ($1.9 million), compared with EGP 20.1 million ($2.3 million) a year earlier.

According to its unaudited results its earnings for the first eleven months fall 12.5% year-over-year to EGP 17.1 million from EGP 19.6 million.