ArabFinance: Sinai Cement Company reported a standalone net loss of EGP 252.666 million in half one (H1) 2021, according to the companys financial statements filed to the Egyptian Exchange.

This marked a Year on Year rise of 3% when compared to EGP 245.687 million in H1 2020.

Sinai Cements ordinary general assembly approved selling its shares in Sinai White Portland Cement Company based on the fair value of Sinai Whites share.

Sinai Cement is engaged in the manufacture and packing of different types of cement and its related products.

The Egypt-based company also produces clinker, cement, and other related products, in addition to cement packing bags.

Copyright 2021 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an as is and as available basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.