Gulf Canadian Real Estate reduces losses by 77.2% YoY in 9 months

Updated 11/14/2022 2:55:00 PM

Arab FinanceGulf Canadian Real Estate Investment (CCRS) cut losses by 77.2% year-on-year (YoY) during the first nine months of 2022, according to the financial statement filed to the Egyptian Exchange (EGX) on November 14th.

The company suffered a net loss after tax of EGP 452,170 in the January-September period of 2022, versus EGP 1.98 million in the year-ago period.

Gulf Canadian specializes in developing and managing real estate assets. Its main activities are related to construction projects in housing, tourism, and urban development sectors, as well as industrial projects and other related fields.