Arab Finance: Rekaz Holding for Investment (RKAZ) posted an 58.18% year-on-year (YoY) drop in losses for the first half (H1) of 2023, according to the financial statement filed to the Egyptian Exchange (EGX) on August 14th.

The company suffered a net loss after tax of EGP 588,085 in H1 2023, compared to EGP 1.406 million in H1 2022.

Operating revenues amounted to EGP 170,394 million during the first six months of this year, with no revenues reported for the comparable period a year earlier.

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, import and export.

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