Sinai Cement Says Net Profit 72.7% Down; H1

Sinai Cement (SCEM.CA) reported a net profit of EGP 73.140 during the first half of 2012, 72.7% down from a year earlier net profit of EGP 267.815 million.

Revenues during H1/2012 fell to EGP 479.562 million, compared to EGP 704.820 million during H1/2011.

Gross profit – after excluding the cost of revenues – dipped to EGP 140.757 million, compared to EGP 315.388 million.

Operating profits – after excluding total expenses – went down to EGP 77.569 million during H1/2012, compared to EGP 235.518 million during H1/2011.