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Alexandria National losses widen 97% in 2014

Alexandria National losses widen 97% in 2014
Photo Credit: Arabianeye-Reuters

Cairo-Mubasher: Alexandria National Company for Financial Investment posted on Sunday EGP 1.636 million ($215 thousand) net loss for the fiscal year 2014, deepening by 96.7% from EGP 832 thousand ($109 thousand) net loss a year earlier.

The company logged EGP 838.2 thousand total operating loss, compared with EGP 193.6 thousand revenues in 2013.

Financial results for the first nine months of FY14 showed EGP 1.4 million net loss, compared with EGP 649.2 thousand in the same period a year earlier.