Sheeni Egypt turns to losses in 9 months
Updated 4/21/2022 12:29:46 PM
ArabFinance: General Company for Ceramic and Porcelain’s (Sheeni Egypt) (PRCL) has turned to losses in the nine-month period ended March 31st, according to the company’s unaudited financial indicators filed to the Egyptian Exchange (EGX) on April 21st.
The company has incurred a net loss after tax of EGP 54.33 million in the first nine months of fiscal year (FY) 2021/2022, versus a net profit of EGP 8.78 million in the same period of FY 2020/2021.
Meanwhile, the company’s revenues fell to EGP 154.30 million in the nine-month period of FY 2021/2022 from EGP 173.91 million in the corresponding period of the previous fiscal year.
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.
