The board of Al Fanar General Contracting, Construction, Trade, Import and Export endorsed on Saturday financial statements for H1-14, showing net loss of EGP 286 thousand, against EGP 242 thousand net profit in H1-13. The company posted EGP 130 thousand net profit for FY13, with a 76% fall year-over-year from EGP 549 thousand. Sales revenue also fell 24% to EGP 6.208 million from EGP 8.118 million in FY12.
Source:
Mubasher