Grand Capital curbs consolidated losses in 9 months
Updated 2/15/2022 2:37:08 PM
ArabFinance: Grand Capital for Financial Investments (GRCA) has reduced consolidated losses attributable to the parent company during the nine-month period ended December 31st 2021, according to financial statements filed on Tuesday to the Egyptian Exchange (EGX).
The company’s consolidated net loss attributable to the parent company reached EGP 24,911 in April-December 2021, compared to net loss of EGP 3.855 million in the same period a year earlier.
Meanwhile, Grand Capital’s standalone financial statements showed an increase in net losses after taxes in the nine-month period ended December 31st 2021, incurring EGP 1.940 million, compared to a net loss of EGP 1.452 million in the same period in the previous year.
Established in 2007, the company provides direct investments in the financial services sector.
