Sinai Cement
SCEM
-3.18%
34.99
-1.15
SCEM
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.
Source:
Mubasher