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Sheeni suffers EGP 400,000 loss in Q2

Sheeni suffers EGP 400,000 loss in Q2
Profits for the first half of fiscal 2016/17 amounted to EGP 2.52 million (Photo credit: Arabianeye - Reuters)
Sheeni
PRCL
1.51% 16.10 0.24

Cairo – Mubasher: General Company for Ceramic and Porcelain Products (Sheeni) posted on Thursday a loss of EGP 400,000 for the second quarter of the fiscal year 2016-2017, against a profit of EGP 4.25 million for Q2-15/16.

Profits for the first half of fiscal 2016/17 amounted to EGP 2.52 million, 75.5% down from EGP 10.15 million for H1-15/16.

By 11:34am Cairo time, the stock rose 2.39% to EGP 3.43.