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Ascom widens annual losses ending 2017

Ascom widens annual losses ending 2017

ArabFinance: Asek Company for Mining - Ascom (ASCM) 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 LE273,324,920, versus net losses of LE133,981,155 in the same period a year ago.

Moreover, it posted standalone net profits of LE1,433,684, against incurring net losses of LE192,819,203 in the same period a year ago.

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