ArabFinance: Barbary Investment Group (BIG) reported a 23% Year on Year increase in its consolidated net loss in 2020, according to the company’s March 7th financial statements filed to the Egyptian Exchange.
Consolidated net loss before minority interest stood at EGP 3,953,958 in 2020, compared to EGP 3,224,115 incurred in 2019.
Standalone net loss reached EGP 3,813,196 in 2020, a 25% rise from EGP 3,042,237 reported in 2019.
In December, the company's board of directors approved issued and paid-in capital increase in cash by EGP 29,835,926.
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.
