ArabFinance: Barbary Investment Group ( BIG) (BIGP) announced in a statement sent to EGX, the audited financial results for the fiscal period starting January 1, 2016, and ending December 31, 2016.
The company posted consolidated net profits of LE1,597,326, versus net profits of LE1,708,847 in the same period a year ago.
Moreover, it incurred standalone net losses of LE13,615,603, versus net losses of LE407,224 in the same period a year ago.
Floatation of EGP had a negative impact on the financial results of LE1,125,656 for consolidated and of LE12,910,407 on standalone results for the same fiscal year.