Arab Finance: Gulf Canadian Real Estate Investment (CCRS) cut losses by around 87% during the first six months of 2022, recording a net loss after tax of EGP 216,277, according to financial statements filed to the Egyptian Exchange (EGX) on August 14th.
The company achieved land and villas sales of EGP 2 million in the six-month period ended June 30th.
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.