Arab Finance: General Company for Ceramic and Porcelain (Sheeni Egypt) (PRCL) posted a 63% year-on-year (YoY) drop in net loss after tax during the first quarter (Q1) of fiscal year (FY) 2022/2023, according to financial indicators filed to the Egyptian Exchange (EGX) on October 27th.

Net loss after tax amounted to EGP 9.338 million in Q1 FY 2022/2023, down from EGP 14.607 million in the same quarter of FY 2021/2022.

The company’s revenue grew to EGP 51.24 million in the three-month period ended September 30th from EGP 43.77 million in Q1 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, antiques and vases, as well as ceramic floors and walls.