Sinai Cement sees net loss widen 30% YoY

Egypt’s Sinai Cement has seen its net loss widen 30 per cent YoY to EGP331.22m (US$20.53m) during the first nine months of 2019, compared to EGP293.14m in the 9M18. The cost of sales also showed a modest 3.7 per cent increase to EGP699.931m from EGP675.11m.

In the 1H19 the company’s consolidated loss widened to EGP187.23m from EGP155.74m in the corresponding period of 2018.