Cairo – Mubasher: The unaudited financial indicators of Al Ezz Dekhela – Alexandria revealed turning to losses in FY15, versus FY14 profits.
The company’s net loss reached EGP263 million ($33.7 million), against a net profit of EGP36 million ($4.6 million) a year earlier.
FY15 sales also dropped to EGP10.6 billion from EGP 12.1 billion in 2014.
The consolidated financial statement for the nine-month period ended 30 September, 2015 reflected a surge in losses by 172.2%.
