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Grand Capital turns to loss

Grand Capital turns to loss

ArabFinance:  Grand Capital for Financial Investments (GRCA) suffered a consolidated net loss of EGP 8,938,107 for the fiscal year (FY) 2019/2020, which started on April 1st 2019 and ended on March 31st of this year, according to the company’s financial results published on July 6th filed to the Egyptian Exchange. 

This marks a swing from the EGP 4,324,360 consolidated net profit the company achieved in FY 2018/2019.

Similarly, standalone net loss reached EGP 2,670,364 in FY 2019/2020, against a standalone net profit of EGP 3,430,875 posted a year earlier.

In the first nine months of FY 2019/2020, the company incurred a consolidated net loss of EGP 3,675,017, against a net profit of EGP 4,860,617 in the prior-year period.

Standalone net loss stood at EGP 1,970,391 in the nine-month period ended December 31st, versus a net profit of EGP 3,780,199 in the corresponding period.

Established in 2007, the company provides direct investments in the financial services sector.

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