Arab Finance: Arab Company for Land Reclamation (Arclam) (EALR) recorded a net loss of EGP 4.855 million after tax for the period ended December 31st, 2022, according to the unaudited financial statement sent to Egyptian Exchange (EGX) on Tuesday.
This marks a decline from the loss of EGP 1.654 million reported in the same period of the past fiscal year.
It is noteworthy that the company reported a 5.28% drop in net profit after tax in fiscal year (FY) 2021/2022.
