Sinai Cement (SCEM)

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News

16 March 03:58 PM Sinai Cement swings to profits in 2024; consolidated sales cross EGP 6.4bn

Cairo – Mubasher: 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 …

Financial Results

12 November 2024 05:18 PM Sinai Cement turns profitable at EGP 2.6bn in 9M-24

Cairo – Mubasher: Sinai Cement shifted to consolidated net profits worth EGP 2.60 billion in the first nine months (9M) of 2024, compared to net losses of EGP 117.91 Million in 9M-23. Total revenues hit EGP 4.44 billion as of 30 September 2024, …

Financial Results

18 August 2024 03:25 PM Sinai Cement delivers growth in H1-24 financial results

Cairo – Mubasher: Sinai Cement swung to consolidated net profits valued at EGP 651.36 million in the first half (H1) of 2024, against net losses of EGP 79.72 million in H1-23. Net sales enlarged to EGP 2.68 billion in January-June 2024 from EGP …

Financial Results

18 July 2024 01:44 PM Sinai Cement unveils results for capital increase offering

Cairo – Mubasher: Sinai Cement has announced that senior shareholders have subscribed to 75.95% of its capital hike offering in the first phase. Out of 168.20 million offered shares, senior shareholders subscribed to 127.74 million shares at a …

Corporate Actions

2 June 2024 00:25 PM Sinai Cement swings to profitability in Q1-24

Cairo – Mubasher: Sinai Cement turned to a consolidated net profit of EGP 301.11 million during the first quarter (Q1) of 2024, versus a net loss of EGP 58.47 million in the same quarter a year earlier. Consolidated net sales declined to EGP 1.16 …

Financial Results

31 March 2024 05:57 PM Sinai Cement’s consolidated loss plunges in 2023; sales hit over EGP 4bn

Cairo – Mubasher: Sinai Cement reported a consolidated net loss after tax of EGP 121.42 million in 2023, down from EGP 330.41 million a year earlier, according to a bourse filing. Net sales surged to EGP 4.28 billion last year from EGP 2.34 …

Financial Results

28 February 2024 10:56 AM Sinai Cement’s authorised capital to reach EGP 10bn

Cairo – Mubasher: The extraordinary general meeting (EGM) of Sinai Cement agreed to increase its authorised capital to EGP 10 billion, according to a bourse filing. The shareholders also approved raising the issued capital by EGP 1.68 billion to …

Management Decisions

15 January 2024 03:27 PM FRA greenlights Sinai Cement’s capital hike

Cairo – Mubasher: Sinai Cement received the approval of the Financial Regulatory Authority (FRA) to proceed with the capital hike procedures under the board’s proposal in May 2023.     The EGX-listed firm plans to raise its authorised capital to …

Management Decisions

19 November 2023 01:38 PM Sinai Cement incurs EGP 121.5m consolidate losses in 9M-23

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 …

Financial Results

28 May 2023 10:14 AM Sinai Cement posts lower net losses in Q1-23

Cairo – Mubasher: The consolidated net losses after tax of Sinai Cement declined to EGP 58.47 million in the first quarter (Q1) of 2023 from EGP 67.19 million in Q1-22, including minority interest. Loss per share amounted to EGP 0.44 in Q1-23, …

Financial Results

9 March 2023 10:43 AM Sinai Cement incurs EGP 330.5m consolidated losses in 2022

Cairo – Mubasher: 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 …

Financial Results

18 December 2022 11:10 AM Vicat Egypt ups stake in Sinai Cement for EGP 139.6m

Cairo – Mubasher: Vicat Egypt, a subsidiary of France's Vicat Group, a French company manufacturing cement, increased its ownership in Sinai Cement to 67.18% from 51.02% for EGP 139.55 million. Vicat Egypt purchased 21.50 million shares in the …

Mergers and Acquisitions

7 December 2022 00:18 PM Sinai Cement sees over EGP 139m block trading deal

Cairo – Mubasher: The Egyptian Exchange (EGX) announced a block trading deal worth EGP 139.55 million on the shares of Sinai Cement. The transaction was executed on 21.50 million of the company's shares, according to a stock exchange filing on …

Trading Activities

14 November 2022 00:58 PM Sinai Cement’s losses down in 9M-22

Cairo – Mubasher: The consolidated net losses of Sinai Cement narrowed to EGP 179.89 million during the first nine months (9M) of 2022, compared to EGP 333.71 million, including minority shareholders’ rights. Sales of the EGX-listed firm totalled …

Financial Results

31 May 2022 03:11 PM Sinai Cement’s losses shrink in Q1-22

Cairo – Mubasher: Sinai Cement has registered consolidated net losses after tax of EGP 67.19 million during the first three months (3M) of 2022, lower than EGP 147.97 million in the year-ago period. The revenues increased to EGP 475.57 million in …

Financial Results

30 November 2021 01:51 PM Sinai Cement logs 24% lower losses in 9M

Cairo – Mubasher: Sinai Cement incurred consolidated net losses after tax of EGP 323.28 million in the first nine months (9M) of 2021, down 23.9% from EGP 424.98 million in the same period of 2020. The company's revenues increased to EGP 984.76 …

Financial Results

16 August 2021 04:45 PM Sinai Cement's standalone loss rises to EGP 253m in H1-21

Cairo – Mubasher: Sinai Cement registered standalone net losses of EGP 252.66 million in the first half (H1) of 2021, up by 2.83% year-on-year (YoY) from EGP 245.69 million.  The cement producer's net sales surged to EGP 639.93 million in the …

Financial Results

17 June 2021 02:12 PM Sinai Cement’s Q1 losses widen 40%

Cairo – Mubasher: Sinai Cement incurred consolidated net losses after tax worth EGP 147.97 million in the first quarter (Q1) of 2021, higher 40% than EGP 105.8 million in Q1-20. Loss per share stood at EGP 2.17 in Q1-21, compared to EGP 1.55 in …

Financial Results

15 June 2020 03:23 PM Sinai Cement’s standalone loss widens 35% in Q1-20

Cairo – Mubasher: The standalone financial statements of Sinai Cement showed net losses of EGP 105.44 million in the first quarter of 2020, an increase of 34.9% year-on-year (YoY) from EGP 78.16 million. The cement producer’s net sales increased …

Financial Results

25 November 2019 04:42 PM Sinai Cement’s consolidated loss widens to EGP 314m in 9M

Cairo – Mubasher: The consolidated financial statements of Sinai Cement reported a 31.34% year-on-year increase in its losses during the first nine months of 2019. Net losses ballooned to EGP 313.72 million during the period from January to …

Financial Results

14 November 2019 05:55 PM Sinai Cement’s standalone loss swells 30% in 9M

Cairo – Mubasher: The standalone financial statement of Sinai Cement showed a 30% year-on-year increase in its net losses during the first nine months of 2019. The cement producer incurred net losses of EGP 331.22 million in the January-September …

Financial Results

27 August 2019 10:52 PM Sinai Cement’s consolidated loss deepens in H1-19

Cairo – Mubasher: Sinai Cement’s consolidated financial statements showed a 20.2% year-on-year loss increase during the first six months of 2019. The company’s consolidated loss went up to EGP 187.23 million in H1-19, compared to EGP 155.74 …

Financial Results

18 June 2019 01:06 PM Vicat plans to inject EUR 30m to Sinai Cement

Cairo – Mubasher: Sinai Cement affirmed news reports about the company’s plan to raise its production efficiency. Vicat Egypt for Cement Industry aims to inject EUR 30 million to finance the company’s plan, according to a statement to the Egyptian …

Companies Investments

29 May 2019 02:29 PM Sama Cement reduces shareholding in Sinai Cement to 6.75%

Cairo – Mubasher: Beltone Financial Holding announced that Sama Cement has decreased its stake in Sinai Cement to 6.75%. Sama Cement has sold about 2 million shares in Sinai Cement, slashing its stake to 6.75% from 9.689%, according to a statement …

Mergers and Acquisitions

29 May 2019 02:09 PM Reliance Logistics raises stake in Sinai Cement to 10.44%

Cairo – Mubasher: Beltone Financial Holding announced that Reliance Logistics Company has increased its stake in Sinai Cement to 10.445%. Reliance Logistics Company purchased about 2.001 million shares in the cement firm, raising its stake to …

Mergers and Acquisitions