Sinai Cement incurs EGP 330.5m consolidated losses in 2022

Sinai Cement witnessed an annual drop in consolidated net losses after tax to EGP 330.41 million in 2022, compared to EGP 354.03 million, including minority interest.

The EGX-listed firm generated sales worth EGP 2.34 billion last year, higher than EGP 1.44 billion in 2021, according to the financial results.

Loss per share reached EGP 2.48 as of 31 December 2022, versus EGP 5.20 a year earlier.

Meanwhile, the total assets hit EGP 2.87 billion in 2022, up from EGP 2.75 billion in January-December 2021.