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Reacap turns profitable in Q1

Reacap turns profitable in Q1

ArabFinance: Reacap Financial Investments (REAC) announced Wednesday, in a statement sent to EGX, the financial results for the fiscal period starting January 1, 2019, and ending March 31, 2019.

The company posted consolidated net profits EGP 7 million in the first quarter of 2019, compared to EGP 45.67 million in the year-ago period.

Moreover, it posted standalone net profits of EGP 47.75 million in the three-month period of 2019, versus EGP 951,135 losses recorded in the year before. 

 

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