Cairo – Mubasher: General Company for Ceramic and Porcelain Products (Sheeni) incurred net losses of EGP 15.68 million in fiscal year (FY) 2020/2021, down by 71% year-on-year (YoY) from EGP 54.3 million.

The revenues declined to EGP 223.3 million in the year ended 30 June from EGP 267.48 million a year earlier, the company said in a bourse disclosure on Thursday.

During the first nine months of FY20/21, Sheeni logged net profits of EGP 8.7 million, versus net losses of EGP 33 million in the year-ago period.