Cairo – Mubasher: General Company for Ceramic and Porcelain Products (Sheeni) reported a decrease of 51% in net profits for the first quarter of the fiscal year 2016/17.

Sheeni saw net profits of EGP 2.9 million for Q1-FY16/17up from EGP 5.9 million a year earlier.

The company reported sales revenues of EGP 65.3 million for Q1-FY16/17, with an increase of 17.5% from EGP 55.5 million for the same period of the preceding year.