Sinai Cement standalone loss widens

This marked a Year on Year rise of 3%

  

ArabFinance: Sinai Cement Company reported a standalone net loss of EGP 252.666 million in half one (H1) 2021, according to the company’s 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 Cement’s ordinary general assembly approved selling its shares in Sinai White Portland Cement Company based on the fair value of Sinai White’s 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.

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