El Obour Real Estate Investment posted financial statements for the nine-month period that ended on September 30, 2014, showing EGP 3.5 million net loss before tax, deepening 9.8% compared with EGP 3.2 million net loss reported in the same period a year earlier.
The company had posted EGP 1.4 million net loss in H1-14, against EGP 457.7 thousand net profit in the same period a year earlier.
Financial results for Q1 that ended on March 31, 2014 had shown EGP 664 thousand net loss, against EGP 670 thousand net profit reported in the same period a year earlier.
The company’s extraordinary general meeting approved in September increasing issued capital by 100%, or EGP 22 million, divided into 4.4 million shares at EGP 5 par value plus EGP 0.125 issue premium each.
The company currently operates with issued and paid-in capital of EGP 22 million, divided into 4.4 million shares at EGP 5 par value each.