Gulf Canadian Real Estate Investment’s losses widen 105.5% YoY in 9 months

Updated 11/15/2023 2:16:00 AM
Gulf Canadian Real Estate Investment’s losses widen 105.5% YoY in 9 months

Arab Finance: Gulf Canadian Real Estate Investment (CCRS) recorded a 105.5% year-on-year (YoY) increase in net losses after tax during the first nine months of 2023, reaching EGP 928,998, compared to EGP 452,170, according to financial statement filed to the Egyptian Exchange (EGX) on November 15th.

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

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