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Gulf Canadian Real Estate Investment widens losses in 2021

Gulf Canadian Real Estate Investment widens losses in 2021

ArabFinanceGulf Canadian Real Estate Investment (CCRS) incurred a net loss after tax of EGP 2.38 million in 2021, up from EGP 981,085 in 2020, according to the company’s financial statement filed to the Egyptian Exchange (EGX).

In January, the company announced that its ordinary general meeting (OGM) has approved the sale of two land plots in the New 6th of October city.

Gulf Canadian specializes in developing and managing real estate assets. Its main activities are related to construction projects in housing, tourism, and urban development sectors, as well as industrial projects and other related fields.

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