EGYSTONE reports 93% loss decline

Updated 7/20/2020 1:01:00 PM

ArabFinance: Egypt Intercontinental for Granite and Marble (EGYSTONE) (MISR) reported a 93% Year on Year decrease in its net loss for the first half (H1) of 2020, according to a July 20th disclosure filed to the Egyptian Exchange.

Net loss reached EGP 65,903 in H1 2020, compared to EGP 984,007 incurred in H1 2019.

In Quarter one of 2020, the company incurred a net loss of EGP 26,004, a 95% loss decline from the EGP 573,016 incurred a year earlier. 

EGYSTONE is a subsidiary of Salama Group which was established over 40 years ago. The company operates within the materials sector, focusing on construction materials, in addition to the supply and installation of all types of granite and general contracting.