Arab Finance: Company announced Sinai Cement (SCEM)announced the results of its business during the period from 07/01/2024 to 09/30/2024, which showed achieving a net profit. assembly It amounted to 2,097,003,910 pounds, compared to the company achieving net losses amounting to 41,727,648 pounds during the period from 01/01/2023 to 09/30/2023.
In the same context, the company achieved a net profit independent For the period from 07/01/2024 to 09/30/2024, it was estimated at approximately 2,088,239,728 pounds, compared to net losses amounting to 39,646,047 pounds, during the comparative period of the previous fiscal year.
It is worth noting that the net profits or losses for the year are calculated according to the share of owners of the parent company.
On the results of its consolidated and unconsolidated operations for the financial period ending on 06/30/2024, achieving a net profit. assembly It amounted to 350,200 million pounds, compared to a combined net profit of 651,320 million pounds for the same period of the previous year.
The results of the independent business for the financial period ending on 06/30/2024 also showed achieving a net profit independent It amounted to 355.843 million pounds, compared to an independent net profit of 658.621 million pounds for the same period of the previous year.
The company was established in 1997 and its actual production began in 2001. Its purpose is to produce cement and packing bags and manufacture all cement products.
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