Atlas, established in 1997 and listed in 2012, has four subsidiaries focusing on real estate, farm development, and agricultural processing.
ArabFinance: Atlas for Investment and Food Industries reported a 36% Year on Year decline in its consolidated net loss for the first nine months of 2020, according to the company’s November 23rd financial statements.
Consolidated net loss before minority interest stood at EGP 454,053 in January-September 2020, compared to EGP 710,444 incurred in the prior-year period.
The company earlier signed an agreement for a 12-acre land on the Cairo-Alexandria Desert Road.
Earlier, Atlas decided to split its stock's par value from EGP 10 to EGP 1, maintaining the issued and paid-up capital unchanged at EGP 65,128,540.
Atlas, established in 1997 and listed in 2012, has four subsidiaries focusing on real estate, farm development, and agricultural processing.