Sheeni Egypt’s losses widen 158.3% YoY in FY2023/24

Updated 9/22/2024 1:43:00 PM
Sheeni Egypt’s losses widen 158.3% YoY in FY2023/24

Arab Finance: The General Company for Ceramic and Porcelain’s (Sheeni Egypt) net losses after tax for the fiscal year (FY) 2023/2024 rose by 158.27% year on year (YoY) to EGP 104.511 million from EGP 40.465 million, as per the financial indicators.

Meanwhile, revenues grew by 118% YoY to EGP 284.227 million from EGP 240.394 million.

Sheeni is an Egypt-based company engaged in the manufacture and sale of ceramic and porcelain products. It produces porcelain tableware for domestic and hotels, antiques and vases, as well as ceramic floors and walls.

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