Sheeni Egypt logs EGP 25.5M net loss
Updated 1/26/2022 12:09:26 PM
ArabFinance: The board of directors of General Company for Ceramic and Porcelain’s (Sheeni Egypt) (PRCL) has approved the company’s unaudited financials for the period ended December 31st, 2021, according to the company’s statement to the Egyptian Exchange (EGX).
The company’s net loss jumped 130% by the end of December 2021, recording EGP 28.5 million, compared to EGP 21.9 million in the same period of 2020.
The company has incurred a net loss after tax of EGP 14.607 million during the period ended September 2021, growing by 126% from EGP 11.574 million in the year-ago period.
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.
