Cairo – Mubasher: Sinai Cement reported consolidated net losses after tax amounting to EGP 121.45 million in the first nine months (9M) of 2023, compared to EGP 176.70 million in 9M-22, including minority interest.
The sales hit EGP 3.22 billion in 9M-23, higher year-on-year (YoY) than EGP 1.61 billion, according to the consolidated financial statements.
Loss per share stood at EGP 0.91 in the January-September 2023 period, versus EGP 1.33 a year earlier.
Total assets reached EGP 3.64 billion in 9M-23, versus EGP 2.87 billion as of 31 December 2022.
Standalone Business
The EGX-listed firm incurred standalone net losses after tax valued at EGP 108.87 million in 9M-23, an annual drop from EGP 172.55 million.
Non-consolidated revenues hiked to EGP 3.22 billion as of 30 September 2023 from EGP 1.61 billion in 9M-22, while the loss per share plummeted to EGP 0.85 from EGP 1.27.
As of 31 March 2023, the consolidated net losses after tax retreated to EGP 58.47 million from EGP 67.19 million in the year-ago period, including non-controlling interest.
