PHOTO
Traders work at the Egyptian stock exchange in Cairo, November 19, 2014. Mohamed Abd El Ghany, Reuters
Cairo – Sinai Cement turned profitable at EGP 3.07 billion in 2024, against net losses valued at EGP 121.42 million in 2023
Net sales hiked to EGP 6.42 billion in 2024 from EGP 4.28 billion a year earlier, according to the financial results.
Earnings per share (EPS) attributable to the owners of EGP 23.13 last year, versus a loss per share of EGP 0.88 in the 12-month period that ended on 31 December 2023.
Standalone Business
Non-consolidated net profits reached EGP 3.07 billion last year, compared to losses amounting to EGP 117.58 million in 2023.
The company recorded standalone EPS worth EGP 23.09 in 2024, compared to a loss per share valued at EGP 0.88 at the end of 2023.
In the first nine months (9M) of 2024, Sinai Cement swung to consolidated net profits worth EGP 2.60 billion, compared to net losses of EGP 117.91 million in 9M-23.
Source: Mubasher
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