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Ascom won't distribute profits for FY2017

Ascom won't distribute profits for FY2017

ArabFinance: Asek Company for Mining - Ascom (ASCM) declared in a statement sent to EGX,  the ordinary general assembly meeting was held on June 20. 

The OGM approved the financial results for the fiscal period ending December 2017, as well as canceling the profits distribution. 

It is worth to mention, the company incurred consolidated net losses of LE273,324,920 for the fiscal period starting January 1, 2017, and ending December 31, 2017, versus net losses of LE133,981,155 in the same period a year ago.

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