Egypt: Sinai Cement returns to black
Fortune took a turn for the better for Sinai Cement in 2016. The company improved its net results significantly as it reported a net profit of EGP13.47m (US$835,183). In 2015, Sinai Cement reported a loss of EGP39.83m.
Sinai Cement is owned by France’s Vicat group. The company operates a 3.5Mta cement plant in Sinai.
