ArabFinance: Barbary Investment Group (BIG) (BIGP) reported a 187% Year on Year increase in its consolidated net loss in the first half (H1) of 2020, according to the company’s financial statements filed to the Egyptian Exchange.

Consolidated net loss stood at EGP 2,902,979 in H1 2020, compared to EGP 1,009,632 incurred in H1 2019.

Standalone net loss reached EGP 2,587,431 in H1 2020, against a net profit of EGP 14,146,561 posted in H1 2019.

Last December, BIG’s extraordinary general meeting approved a stock split, cutting the par value per share from EGP 1 to EGP 0.20.

BIG is an Egypt-based holding company that provides automotive auto parts, products of the original equipment manufacturer, and aftermarket spare parts.

The company’s diversified portfolio includes establishing one-stop shops for automotive parts, strategic acquisitions of automotive brands, automotive dealerships, and manufacturing and assembly of related automotive factories.