Sinai Cement records 20% loss increase in 1H19

Egypt’s Sinai Cement has seen its net loss widen 20.2 per cent YoY to EGP187.23m (US$11.3m) during the first six months of 2019, compared with EGP155.74m in the 1H18.

The cost of sales advanced 23 per cent to EGP424.54m from EGP345.07m. However, net sales increased 12.7 per cent to EGP346.19m from EGP307.29m.