Cairo – Mubasher: Sinai Cement swung to consolidated net profits valued at EGP 651.36 million in the first half (H1) of 2024, against net losses of EGP 79.72 million in H1-23.
Net sales enlarged to EGP 2.68 billion in January-June 2024 from EGP 2.36 billion a year earlier, according to the financial statements.
The earnings per share (EPS) hit EGP 4.89 in H1-24, against a loss per share of EGP 0.60 in H1-23.
Non-consolidated Results
In the first six months (6M) of 2024, the company turned profitable at EGP 658.62 million, compared to standalone net losses of EGP 72.79 million in the year-ago period.
Meanwhile, the net sales retreated year-on-year (YoY) to EGP 1.51 billion in H1-24 from EGP 2.36 billion.
In the three-month period that ended on 31 March 2024, Sinai Cement logged consolidated net profits valued at EGP 301.11 million.
