Cairo – Mubasher: Grand Investment Capital saw a 126.99% rise year-on-year rise in its losses during the first quarter of the fiscal year ended on 31 March 2017, according to a bourse statement.
Losses reached EGP 1.5 million ($168,530) in the three-month period from 1 April to 30 June 2016, compared to EGP 660,960 ($74,250) in the prior-year period.
Revenues declined 26.68% to EGP 1.63 million in the aforementioned quarter of 2016, compared to EGP 2.23 million in the same period a year earlier.
