Sinai Cement Co. (S.A.

E)

Return Analysis 2002 2003 2004 Q2/05

Return on Assets (%) 2.85 4.87 11.16 8.84

Return on Assets (%)

12.00
10.00
8.00
6.00
4.00
2.00
0.00
2002 2003 2004 Q2/05
Return on Assets (%)
Returns on assets percentages decreased dramtically on 2004 and decresed in Q2 2005

Return Analysis 2002 2003 2004 Q2/05

Return on Equity (%) 6.52 7.61 15.34 11.75

Return on Equity (%)

18.00
16.00
14.00
12.00
10.00
8.00
6.00
4.00
2.00
0.00
2002 2003 2004 Q2/05
Return on Equity (%)

Return on Equity increasing recorded increment in 2004 and decreased in Q2/2005

Return Analysis 2002 2003 2004 Q2/05

Return on Sales(%) 9.05 14.61 24.59 35.35

Return on Sales(%)
40.00
35.00
30.00
25.00
20.00
15.00
10.00
5.00
0.00
2002 2003 2004 Q2/05
Return on Sales(%)

Return on sales percentages record increse specially in 2004 and Q2/05

 0.00
2002 2003 2004 Q2/05
Return on Sales(%)

Return on sales percentages record increse specially in 2004 and Q2/05

Return Analysis 2002 2003 2004 Q2/05

Earnings per share (LE) 0.78 1.02 2.31 1.87

Earnings per share (LE)

2.50
2.00
1.50
1.00
0.50
0.00
2002 2003 2004 Q2/05

Earnings per share (LE)

Earnings per share recordes increase in 2202/2003/2004
and decreased in Q2/05

Efficiency Analysis 2002 2003 2004 Q2/05

Cost of Sales/Net Sales (%) 82.63 71.63 61.24 51.63

Cost of Sales/Net Sales (%)

90.00
80.00
70.00
60.00
50.00
40.00
30.00
20.00
10.00
0.00
2002 2003 2004 Q2/05

Cost of Sales/Net Sales (%)

Net sales increased i n 2002 and recorded decreasing in 2004 and Q2/05

Efficiency Analysis 2002 2003 2004 Q2/05

Total Asets Turnover 0.31 0.33 0.45 0.25

Total Asets Turnover

0.50
0.40
0.30
0.20
0.10
0.00
2002 2003 2004 Q2/05
Total Asets Turnover
 0.30
0.20
0.10
0.00
2002 2003 2004 Q2/05
Total Asets Turnover
Records increase in 2003 & 2004 but the first 6 month of 2005 showing decrese

Liquidity Analysis 2002 2003 2004 Q2/05

Current Ratio(x) 0.58 1.35 1.87 2.88

Current Ratio(x)
3.50
3.00
2.50
2.00
1.50
1.00
0.50
0.00
2002 2003 2004 Q2/05

Current Ratio(x)
recorded increase i n 2002/2003/2004 and continued during Q2/05

Liquidity Analysis 2002 2003 2004 Q2/05

Quick Ratio (x) 0.36 1.00 1.44 2.16

Quick Ratio (x)

2.50

2.00

1.50

1.00

0.50

0.00
2002 2003 2004 Q2/05
Quick Ratio (x)
recorded increase i n 2002/2003/2004 and continued during Q2/05

Inventory Analysis 2002 2003 2004 Q2/05

Inventory Total Assets (%) 4.31 4.49 4.13 5.36

Inventory Total Assets (%)

6.00
5.00
4.00
3.00
2.00
1.00
0.00
2002 2003 2004 Q2/05

Inventory Total Assets (%)

 5.00
4.00
3.00
2.00
1.00
0.00
2002 2003 2004 Q2/05

Inventory Total Assets (%)

Closer incresed percentage in 2002/2003/2004 and a higher decrease During Q2/2005

Inventory Analysis 2002 2003 2004 Q2/05

Inventory Current Assets (%) 37.52 25.92 23.21 24.99

Inventory Current Assets (%)

40.00
35.00
30.00
25.00
20.00
15.00
10.00
5.00
0.00
2002 2003 2004 Q2/05

Inventory Current Assets (%)

Current assets inventory recorded highest percentage in 2002 and continued to decrease till Q2/05

Inventory Analysis 2002 2003 2004 Q2/05

Inventory Net Sales (%) 13.71 13.47 9.10 21.45

Inventory Net Sales (%)

25.00

20.00

15.00

10.00

5.00

0.00
2002 2003 2004 Q2/05

Inventory Net Sales (%)

Inventory Net sales recorded low percentage in 2004 but a dramatic increase in Q2/05

Debt Analysis 2002 2003 2004 Q2/05

Debt Ratio (%) 38.55 25.29 18.06 17.34

Debt Ratio (%)

45.00
40.00
35.00
30.00
25.00
20.00
15.00
10.00
5.00
0.00
 Debt Ratio (%)
45.00
40.00
35.00
30.00
25.00
20.00
15.00
10.00
5.00
0.00
2002 2003 2004 Q2/05
Debt Ratio (%)

Debt Ratio recorded decrease froon 2002 to Q2/05

Debt Analysis 2002 2003 2004 Q2/05

Long Term Debt/Equit (%) 83.60 36.14 24.43 23.05

Long Term Debt/Equit (%)

90.00
80.00
70.00
60.00
50.00
40.00
30.00
20.00
10.00
0.00
2002 2003 2004 Q2/05

Long Term Debt/Equit (%)

Long term debt/equity ratio recorded dramatic decrease in 2003 and continued to decrease till Q2/05

Turnover Ratio Analysis 2002 2003 2004 Q2/05

Inventory turnover (X) 6.03 5.32 6.73 2.41

Inventory turnover (X)

8.00
7.00
6.00
5.00
4.00
3.00
2.00
1.00
0.00
2002 2003 2004 Q2/05

Inventory turnover (X)

Inverntoy turnover shows almost closer percentages and decreased dramtically in Q2/05

Turnover Ratio Analysis 2002 2003 2004 Q2/05

Current asset turnover (x) 2.74 1.92 2.55 1.16

Current asset turnover (x)

3.00
2.50
2.00
1.50
1.00
0.50
0.00
 Current asset turnover (x)
3.00
2.50
2.00
1.50
1.00
0.50
0.00
2002 2003 2004 Q2/05

Current asset turnover (x)

Current assrt turn over recorded decrease in 2003 and increased in 2004 then decreased with an
considerable difference in Q2/05

Turnover Ratio Analysis 2002 2003 2004 Q2/05

Working capital turnover (X) -3.75 7.44 5.48 1.78

Working capital turnover (X)

10.00
8.00
6.00
4.00
2.00
0.00
-2.00 2002 2003 2004 Q2/05
-4.00
-6.00
Working capital turnover (X)

Working capital turn over recorded decrease in 2002 and higher increase in 2003 then decreased in
2004 and dropped in Q2/05

Capital Structure Analysis 2002 2003 2004 Q2/05

Long term liab/total assets (%) 36.48 23.14 17.77 17.34

Long term liab/total assets (%)

40.00
35.00
30.00
25.00
20.00
15.00
10.00
5.00
0.00
2002 2003 2004 Q2/05
Long term liab/total assets
(%)
Higher increase in long term liab/total assets in 2002 then continued to decrease

Capital Structure Analysis 2002 2003 2004 Q2/05

Short term liab/total assets (%) 19.89 12.84 9.51 7.45

Short term liab/total assets (%)

25.00
20.00
15.00
10.00
5.00
 Short term liab/total assets (%)
25.00
20.00
15.00
10.00
5.00
0.00
2002 2003 2004 Q2/05
Short term liab/total assets (%)
Short term liab./total assets decresed in 2003 and continued to decrease till Q2/2005

Capital Structure Analysis 2002 2003 2004 Q2/05

Equity/Total Assets (%) 43.63 64.02 72.73 75.22

Equity/Total Assets (%)

80.00
70.00
60.00
50.00
40.00
30.00
20.00
10.00
0.00
2002 2003 2004 Q2/05

Equity/Total Assets (%)

Equity/Total assets percentage recorded high percentage in Q2/05