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Reacap's profit decreases to EGP 17M ending June 2019

Reacap's profit decreases to EGP 17M ending June 2019

ArabFinance: Reacap Financial Investments (REAC) announced in a statement sent to EGX, the audited financial results for the fiscal period starting January 1, 2019, and ending June  30, 2019.

The company posted consolidated net profits of EGP 16,977,516, compared to net profits of EGP 48,858,871 in the same period a year ago, taking into account the minority rights. 

Moreover, it posted standalone net profits of EGP 44,919,864, against incurring net losses of EGP 1,307,649 in the same period last year.

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