El Orouba Securities incurs 103% loss increase

Updated 2/19/2020 11:00:25 AM

ArabFinance: El Orouba Securities Brokerage (EOSB) announced, in a statement sent to EGX, the Board of Directors (BoD) held on Feb. 18.

The company's BoD approved financial results for the financial period ending Dec. 2019, which revealed posting tax-deducted losses of EGP 844,051, compared to net losses of EGP 415,118 a year earlier, with a 103% loss increase.

The company attributed the loss increase to the decrease of revenues as well as raising expenditures.  

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