Cairo – Mubasher: Sinai Cement shifted to consolidated net profits worth EGP 2.60 billion in the first nine months (9M) of 2024, compared to net losses of EGP 117.91 Million in 9M-23.
Total revenues hit EGP 4.44 billion as of 30 September 2024, higher year-on-year (YoY) than EGP 3.22 billion.
Earnings per share (EPS) hit EGP 20.65 in 9M-24, against a loss per share of EGP 0.91 in 9M-23.
Financials for Q3-24
During the third quarter (Q3) of 2024, Sinai Cement generated a consolidated net profit of EGP 1.95 billion, versus net losses of EGP 40.38 million in Q3-23.
The revenues hiked to EGP 1.75 billion in Q3-24 from EGP 862.38 million in the year-ago period.
In the first half (H1) of 2024, the consolidated net profits stood at EGP 651.36 million, while the net sales amounted to EGP 2.68 billion.
