Islamic Gharbia turns to loss in 2021
Updated 2/27/2022 11:07:15 AM
ArabFinance: Islamic Gharbia Company for Developed Buildings (GIHD) has turned to losses in the full-year ended 31st December 2021, according to the company’s financial statement filed to the Egyptian Exchange (EGX).
The company has incurred a net loss after tax of EGP 432,959 in 2021, versus a net profit of EGP 1.75 million in 2020.
Islamic Gharbia is an Egypt-based public shareholding company engaged in the real estate development sector.
The company focuses on the purchase and reclamation of land for the purpose of construction and development activities, general and special contracting, trade in raw materials and construction supplies, and import and export of construction-related materials.
