Barbary Investment’s consolidated losses rise 56.8% YoY in 2022

Updated 4/2/2023 12:15:00 PM
Barbary Investment’s consolidated losses rise 56.8% YoY in 2022

Arab Finance: Barbary Investment Group’s (BIG) consolidated net losses after tax and non-controlling interest rose 56.8% year on year (YoY) to EGP 3.24 million in 2022, compared to EGP 2.07 million, according to the financial statements on April 2nd.

Operating revenues dropped to EGP 4.06 million last year from EGP 11.1 million a year earlier.

In terms of standalone business, the company’s net losses after tax amounted to EGP 2.06 million in 2022, up from EGP 1.92 million in 2021.

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