Cairo – Mubasher: The consolidated financial statements of Sinai Cement showed that the company lost EGP 38.9 million for the period ended 31 December 2015 against EGP 93.5 million profits for 2014.
In addition, FY15 standalone financial statements revealed that the company logged EGP 39.8 million losses, while registering EGP 91.3 million profits in 2014.
The company’s net losses for the first nine months of 2015 reached EGP 53.69 million versus EGP 89.6 FY14 profits.
The ordinary general meeting will be convened on 23 March for considering 2015 financial results and board’s report.
