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FINANCIAL NEWS
Egypt’s SCC net loss at USD3.65m in H1
02 Sep 2015
(MENAFN) The Sinai Cement Company (SCC) reported USD3.65 million in net losses in the first six months of 2015, the company said in a statement to the Egyptian Stock Exchange (EGX).
The latest figures compare to the USD11.22 million in profits registered in the first half of 2014.Total profits have decreased to USD4.27 million, compared to USD23.12 million in the corresponding period of 2014.
On a quarterly basis, Sinai Cement lost USD1.4 million in the first quarter of 2015, compared to USD4.58 million in net profits in of 2014. In 2014, the company had registered USD11.9 million in net profits.
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