ArabFinance: Gulf Canadian Real Estate Investment (CCRS) posted a net loss of EGP 981,085 in 2020, compared to EGP 870.061 in 2019, according to the company’s March 17th statement to the Egyptian Exchange.
The company attributed its loss to the drop in sales.
The listed company reported a net loss of EGP 674,123 during the first nine months of 2020.
Gulf Canadian specializes in developing and managing real estate assets. Its main activities are related to construction projects in housing, tourism, and urban development sectors, as well as industrial projects and other related fields.