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El Kahera El Watania Investment turns into loss ending 2017

El Kahera El Watania Investment turns into loss ending 2017

ArabFinance: El Kahera El Watania Investment (KWIN) announced in a statement sent to EGX the audited financial results for the fiscal period starting January 1, 2017, and ending December 31, 2017.

The company incurred consolidated net losses of LE1,269,615, against posting net profits of LE742,111 in the same period a year ago.

Moreover, it posted standalone net profits of LE4,007,286, versus net profits of LE4,379,747 in the same period a year ago.

It is worth to mention, the company's Board suggested cancelling distribution of profits for the ending fiscal year.

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