Cairo – Mubasher: The General Company for Ceramic and Porcelain Products (Sheeni) reported on Wednesday a year-on-year fall of 63.4% in its profits for the first ten months of fiscal year 2016/2017.

Net profits reached EGP 5.7 million in the first ten months of FY16/17, compared to EGP 15.59 million for the same period last year, according to a statement to the bourse.

The company had earlier posted a net profit of EGP 4.3 million for the first nine months of FY16/17.