Sheeni Egypt swings to profit

Updated 5/5/2021 9:29:22 AM

ArabFinance: The General Company for Ceramic and Porcelain (Sheeni Egypt) (PRCL) posted a net profit of EGP 8.782 million in the July-March financial period 2021, according to the company’s unaudited financial results filed to the Egyptian Exchange.

In the July-March period 2020, Sheeni Egypt incurred a loss of EGP 33.002 million.

The company expects a net profit before tax of EGP 4.6 million for FY 2021/2022.

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, and antiques and vases, as well as ceramic floors and walls.