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Bitumode incurs EGP 12.6m losses in 9M

Bitumode incurs EGP 12.6m losses in 9M
Photo Credit: Arabianeye-Reuters
Bitumode
WATP
0.05% 43.02 0.02

Cairo-Mubasher: Modern Waterproofing Co. (Bitumode) posted its consolidated financial statements for the first nine months of 2015, which showed a 139.5% year-on-year rise in net losses to EGP 12.6 million, compared with EGP 5.26 million a year earlier.

Standalone financials reflected a 22% year-on-year rise in earnings.

The company operates with EGP 119 million in capital, divided into 119 million shares at a par value of EGP 1 each.