Grand Investment Capital incurs EGP 3.9M consolidated loss in 9 months

Updated 2/14/2023 9:20:00 AM
Grand Investment Capital incurs EGP 3.9M consolidated loss in 9 months

Arab Finance: Grand Investment Capital incurred consolidated net loss after tax and non-controlling interests of EGP 3.940 million during the April-December period of 2022, up from EGP 748,026 in the same period a year earlier, according to the financial statements filed to the bourse on February 14th.

Consolidated revenues dropped to EGP 3.664 million in the nine-month period ended December 31st from EGP 21.438 million in the prior-year period.

As for standalone business, the company’s net loss after tax fell to EGP 1.139 million during the period from April to December last year from EGP 2.109 million in the same period a year earlier.

Grand Investment Capital is engaged in the provision of investment services and securities brokerage to both institutions and individuals. The company’s services include securities brokerage, online trading, margin trading, global depositary receipt (GDR) operations and deliver versus payment (DVP)

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