Cairo-Mubasher: The General Company for Ceramic and Porcelain Products (Sheeni) said its board approved estimated budget for the next fiscal year, expecting earnings to reach EGP 20.87 million, compared with EGP 20.6 million forecasted for 2015/2016.
Invested capital will likely reach EGP 300 million in 2016/2017, compared with EGP 293 million this year, the company added in a bourse statement on Thursday.
The company’s fiscal year starts from July.
Unaudited financial results for the first half of 2015/2016 showed a 30.5% year-on-year increase in net earnings.
