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Sinai Cement’s consolidated loss deepens in H1-19

Sinai Cement’s consolidated loss deepens in H1-19
Net sales rose to EGP 346.2m in 6M
Sinai Cement
SCEM
8.29% 6.40 0.49

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 million in the year-ago period, according to a bourse statement released on Tuesday.

Net sales rose to EGP 346.19 million from January 2019 to the end of June, against EGP 307.29 million in H1-18.

On the other hand, the cost of sales grew to EGP 424.54 million in the first half of 2019, from EGP 345.07 million the year before.