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Grand Investment deepens net loss

Grand Investment deepens net loss

ArabFinance: Grand Capital for Financial Investments (GRCA) reported a 5% Year on Year increase in its consolidated net loss during the April-December period of 2020, according to the company’s statement to the Egyptian Exchange on February 15th.

The company suffered a consolidated net loss of EGP 3.85 million during the seven-month period of 2020, compared to EGP 3.67 million in the same period of 2019.

Standalone net loss reached EGP 1.45 million April-December period of 2020, from EGP 1.97 million in the corresponding period of the prior year.

On a yearly basis, the listed company reported a 76% drop in its consolidated net loss in the first half of 2020, incurring EGP 1.07 million.

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

 

 

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