Sama Cement reduces stake in Sinai Cement
Sama Cement has announced that it has sold around 2m shares in Sinai Cement, decreasing its stake in the company from 9.689 per cent to 6.75 per cent, according to a statement r...
Sinai Cement
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El Sewedy Cement sells Sinai Cement stake
Egypt-based El Sewedy Cement has sold its entire stake of 7.476 per cent in Sinai Cement’s capital for EGP41.97m (US$2.46m), or at an average price of EGP8.25/share, EFG Hermes ...
Sinai Cement records improvement in 2018
Egypt’s Sinai Cement has reported that its standalone loss has narrowed by 13.7 per cent YoY in 2018 to EGP305.89m (US$17.56m), compared to EGP354.73m in the previous year. The ...
Vicat
Vicat subsidiary Sinai Cement is to invest up to a further EUR30m to meet the increasing demand for the company’s products. In Brazil Vicat has completed the purchase of a 64.74...
Vicat Egypt to invest in Sinai Cement
Vicat Egypt is expected to invest up to EUR30m in Sinai Cement Co to meet the demand of the local and regional market. Tamer Magdy, CEO, Vicat Egypt, made the announcement durin...
Sinai Cement swings into the red
Sinai Cement, Egypt, incurred consolidated net losses of EGP352.48m (US$19.99m) in 2017 from a net profit of EGP14.64m in 2016.
Sinai Cement swings into the red in 9M17
Egypt’s Sinai Cement has reported losses of EGP-253.5m (US$-14.4m) in the first nine months of the year, against profits of EGP21.8m in 9M16, as shown by the company’s independe...
Sinai Cement posts 1H consolidated net loss of EGP153m
Sinai Cement incurred consolidated net losses of EGP153.2m (US$8.7m) in 1H17, vs net profits of EGP15.4m in 1H16, the company announced in a statement to the Egyptian stock exch...
Sinai 1Q17 loss widens
Sinai Cement reported an increase in losses by 55 per cent YoY during the first quarter of 2017, due to the rise of financing and administrative costs.
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, S...