ArabFinance: Barbary Investment Group (BIG) reported a 64% Year on Year jump in its consolidated net loss for the first nine months of 2020, according to the company’s November 24^th financial statements filed to the Egyptian Exchange.

Consolidated net loss before minority interest stood at EGP 3,396,118 in January-September 2020, compared to EGP 2,065,006 incurred in the prior-year period.

Standalone net loss reached EGP 3,209,678 in the January-September period of 2020, against a net profit of EGP 13,417,961 posted in the corresponding period a year earlier.

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.