General for Land Reclamation loss widens
Updated 4/27/2021 11:32:04 AM
ArabFinance: General Company for Land Reclamation incurred a net loss of EGP 11.390 million in the July-March period in 2021, according to the financial statements filed to the Egyptian Exchange.
In the first nine months of 2019/2020, the company suffered EGP 302,000.
The company reported a net loss after tax stood at EGP 331,000 in the July-September period of 2020, compared to EGP 981,000 incurred in the prior-year period.
General Company for Land Reclamation is an Egypt-based company engaged in the real estate development sector. The company focuses on the reclamation and farming desert and port lands for third parties or sale of them to investors.
