Egypt: Sinai Cement reports FY16 EGP14.6m net profit

Sinai Cement reported a consolidated net profit of EGP14.6m (US$901,243) for FY16, a significant improvement when compared with the previous year when the company posted a net loss of EGP38.9m.

Consolidated net sales were up from EGP975m in FY15 to EGP1.3bn one year later.