Sinai Cement sees net losses widen in 1Q20

Sinai Cement sees net losses widen in 1Q20
16 June 2020


Egypt’s Sinai Cement saw its net losses widen 35 per cent YoY to EGP105.44m (US$6.5m) in the first quarter of 2020, compared to a loss of EGP78.16m in the corresponding period of last year.

However, the company’s net sales increased 5.3 per cent YoY to EGP211.73m from EGP201.08m in the 1Q19.

Published under Cement News