Egypt Intercontinental for granite's loss shrinks

Updated 5/13/2020 3:43:00 PM

ArabFinance: Egypt Intercontinental for Granite & Marble (EGYSTONE) (MISR) reported a 95% Year on Year decrease in its net loss for the Quarter one of 2020, according to a May 13th disclosure filed to the Egyptian Exchange.

Net loss reached EGP 26,004 in Q1 2020, compared to EGP 573,016 incurred in Q1 2019.

In 2019, the company incurred a net loss of EGP 1,431,171, against posting a net profit of EGP 170,694 a year ago. 

EGYSTONE is a subsidiary of Salama group which was established over 40 years ago. The company operates within the Materials sector focusing on Construction Materials, in addition to supply and installation of all types of granite and general contracting.