Grand Capital’s consolidated losses widen by 173% YoY in 12 months
Updated 5/30/2023 1:34:00 AM
Arab Finance: Grand Capital for Financial Investments (GRCA) has reported about a 173% year-on-year (YoY) sure in consolidated loss attributable to the parent company during the period from April 1st 2022 until March 31st 2023, according to financial statements filed to the Egyptian Exchange (EGX) on May 30th.
The company’s consolidated loss went up to EGP 4.988 million in the April-March period from EGP 1.827 million during the period from April 1st 2021 until March 31st 2022.
Total revenue tumbled to EGP 6.746 million in the April-March period from EGP 26.495 million in the comparative period the year before.
Furthermore, the company posted a standalone net loss after tax of EGP 1.726 million from April 1st, 2022 to March 31st, 2023, down from EGP 2.757 million in the same period a year earlier.
Established in 2007, the company provides direct investments in the financial services sector.
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