Grand Investment deepens net loss

Grand Investment deepens net loss

Grand Investment deepens net loss Grand Capital for Financial Investments (GRCA) reported a 5% Year on Year increase in its consolidated net loss during the April-December period    ArabFinance: Grand Capital for Financial Investments (GRCA) reported a 5% Year on Year increase in its consolidated net loss during the April-December period of 2020, according to the company's statement to the Egyptian Exchange on February 15th.The company suffered a consolidated net loss of EGP 3.85 million during the seven-month period of 2020, compared to EGP 3.67 million in the same period of 2019.Standalone net loss reached EGP 1.45 million April-December period of 2020, from EGP 1.97 million in the corresponding period of the prior year.On a yearly basis, the listed company reported a 76% drop in its consolidated net loss in the first half of 2020, incurring EGP 1.07 million.Established in 2007, the company provides direct investments in the financial services sector.Copyright © 2021 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).Zawya CoverageinvestmentAbu Dhabi's Mubadala secures agreements with Ukrainian firmsleisureSaudi Arabia's Leejam confirms extension of gym closuresbusinessNumber of companies joining Dubai's DMCC at 5-year highgccExpat exodus poses challenges to Gulf economies: S&PequitiesDubai operator of lost vessel