Gulf Canadian Real Estate switches to losses in Q1

Updated 5/31/2023 10:33:00 AM
Gulf Canadian Real Estate switches to losses in Q1

Arab Finance: Gulf Canadian Real Estate Investment (CCRS) has incurred net losses after tax of EGP 299,527 during the first quarter (Q1) of 2023, versus net profits of EGP 77,569, according to financial statements filed to the Egyptian Exchange (EGX) on May 31st.

The firm did not report any revenues for the three month-period ended March 31st, compared to revenues amounting to EGP 2 million during the first three months of 2022.

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.

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