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Reacap profits jump to LE67 m ending Dec 2018

Reacap profits jump to LE67 m ending Dec 2018

ArabFinance: Reacap Financial Investments (REAC) announced in a statement sent to EGX, the audited financial results for the fiscal period starting January 1, 2018, and ending December 31, 2018.

The company posted consolidated net profits of LE67,021,329, versus net profits of LE9,322,832 in the same period a year ago, taking into account the minority rights.

Moreover, it incurred standalone net losses of LE1,381,504, versus net losses of LE2,417,700 in the same period last year.

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