EGYFERT's losses shrink in 2019

Updated 2/24/2020 10:40:36 AM

ArabFinance: Samad Misr - EGYFERT (SMFR) announced, in a statement sent to EGX, the audited financial results for the financial period starting Jan. 1, 2019, and ending Dec. 31, 2019. 

The company incurred consolidated net losses of EGP 2,026,704, compared to net losses of EGP 2,783,318 in the same period a year ago, taking into account the minority rights.  

Moreover, it incurred standalone net losses of EGP 2,126,138, compared to net losses of EGP 2,616,490 in the same period last year.