Rekaz Holding’s losses plunge 63.8% YoY in H1 2024

Updated 8/5/2024 9:41:00 AM
Rekaz Holding’s losses plunge 63.8% YoY in H1 2024

Arab Finance: Rekaz Holding for Investment (RKAZ) posted a 63.8% year-on-year (YoY) drop in net losses after tax for the first sixth months of 2024, according to the financial statement released on August 5th.

The company incurred net losses of EGP 212,905 during the January-June period of this year, compared to EGP 588,085 in the first half (H1) of 2023.

Meanwhile, operating revenues went up to EGP 194,844 from EGP 170,394.

Established in 2010, the company’s activity covers trading in fertilizers as well as agricultural products and equipment, land reclamation and restoration, purchasing and selling properties, public trading and contracting, and import and export.

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