Sinai Cement reports net loss in 9M20

Egypt’s Sinai Cement has announced that its standalone net loss widened to EGP421.4m (US$26.95m) in the first nine months of 2020, against a loss of EGP311.2m in the year-ago period.

However, the company’s net sales rose 5.2 per cent YoY to EGP588.7m from EGP559.8m in the 9M29.