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Sheeni profits retreat 75% in 8M

Sheeni profits retreat 75% in 8M
(Photo credit: Arabianeye - Reuters)
Sheeni
PRCL
5.22% 9.48 0.47

Cairo – Mubasher: The General Company for Ceramic and Porcelain Products (Sheeni) said Sunday that its net profit before tax declined in the first eight months of fiscal year 2016/2017 by 75% to EGP 3.4 million, versus EGP 13.48 million for the same period of 2015/2016, according to a bourse filing.

The company’s stock fell at Thursday’s close by 0.27% to EGP 3.64.