Gulf Canadian Real Estate Investment’s losses up 20% YoY in Q1 2024

Updated 5/30/2024 3:47:00 PM
Gulf Canadian Real Estate Investment’s losses up 20% YoY in Q1 2024

Arab Finance: Gulf Canadian Real Estate Investment (CCRS) recorded a 19.7% year-on-year (YoY) increase in net losses after tax during the first quarter (Q1) of 2024, a statement revealed.

Net losses went up to EGP 240,466 in Q1 2024 from EGP 299,527 in Q1 2023.

Established in 1998, CCRS is mainly engaged in carrying out construction, housing, tourism, urban development, and industrial projects.

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