Grand Capital cuts consolidated loss by 64% YoY in 12 months
Updated 5/30/2022 10:50:00 AM
Arab Finance: Grand Capital for Financial Investments (GRCA) has reported about a 64% year-on-year (YoY) decline in consolidated loss attributable to the parent company during the period from April 1st 2021 until March 31st 2022, according to financial statements filed to the Egyptian Exchange (EGX) on May 30th.
The company’s consolidated loss went down to EGP 1.805 million in the April-March period from EGP 5.012 million in the same period a year earlier.
Total revenue surged to EGP 26.496 million in the April-March period from EGP 9.699 million in the comparative period the year before.
Furthermore, the company posted a standalone net loss after tax of EGP 2.57 million from April 1st to March 31st, up from EGP 1.865 million in the same period a year earlier.
Established in 2007, the company provides direct investments in the financial services sector.
