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Bitumode suffers EGP 16.5m losses in 2014

Bitumode suffers EGP 16.5m losses in 2014
Photo Credit: Arabianeye-Reuters
Bitumode
WATP
0.05% 43.02 0.02

Modern Waterproofing (Bitumode) reported EGP 16.5 million in consolidated losses in 2014, against EGP 753,400 in profits for the previous year

Meanwhile, the company posted unconsolidated net profits of EGP 10.2 million for 2014, compared with EGP 6.7 million for 2013.

The firm is capitalised at EGP 119 million, distributed across 119 million shares at EGP 1 par value each.