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Dice Sport reports 3% standalone profit increase

Dice Sport reports 3% standalone profit increase

ArabFinance: Dice Sport (DDCW) reported a 2.7% Year on Year (YoY) decline in its net standalone profit for 2019.

The company posted a net standalone profit of EGP 81,443,553 in 2019, compared to 79,340,160 in the corresponding year, according to the released financial statement.

In terms of revenues, the company generated revenues at EGP 1,354,379,442, a 3.2% rise from EGP 1,312,595,065 a year earlier.

Target Real Estate Investment Company has submitted an application to the Egyptian Exchange (EGX) for buying 114 million new shares in Dice Ready Made Garments (DSCW), to raise its stake by about 25%.

Target Real Estate Investment and its owners own about 21.2% of the shares of Dice Ready Made Garments.

Chairperson of Target Abdel Latif Mahgoub said that the company intends to raise its stake in Dice Ready Made Garments to about 33% during the coming period.

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