Grand Capital loss shrinks
Updated 4/26/2021 10:09:00 AM
ArabFinance: Grand Capital for Financial Investments (GRCA) suffered a consolidated net loss before the minority interest of EGP 5.012 million in the fiscal year (FY) ended March 31st 2021, according to the company’s April 26th financial statements filed to the Egyptian Exchange.
This marked a Year on Year (YoY) decline of 44% when compared to EGP 8.938 million incurred in FY ended March 31st 2020.
Standalone net loss reached EGP 1.865 million in the fiscal year (FY) 2020/2021 ended March 31st, a 30% decline from EGP 2.670 million posted in the prior year.
Established in 2007, the company provides direct investments in the financial services sector.
