Modern Waterproofing Co. (Bitumode) has posted EGP 5.3 million consolidated net loss for the first nine months of FY14, against EGP 415.5 thousand net profit reported in the same period a year earlier.
The company’s consolidated financial statements for H1-14 had shown EGP 558.4 thousand net profit, against EGP 868.8 thousand net loss logged in the same period a year earlier.
Meanwhile, standalone financial statements mirrored EGP 2.7 million net profit, with a drop by 41% compared with EGP 4.6 million net profit in H1-13.
The company had posted EGP 2.7 million standalone net profit for H1-14, with a decline by 41% compared with EGP 4.6 million net profit in the same period a year earlier.