Loss

Egypt plans to reduce electricity network loss to 16.83% in FY23/24

Mon, 10 Jul 2023 - 07:11 GMT

Engineer Sedky said that the network loss is expected to reach 18.21% for the fiscal year 2022/2023, while the actual loss rate of the FY 2021/2022 was 22.188 percent.

Arab countries lose $140B during 2020 due to coronavirus: Egypt's Planning Ministry

Thu, 01 Apr 2021 - 01:17 GMT

​The Ministry stated in a recent report that the whole world is in an unprecedented state of challenges in light of the outbreak of the Corona pandemic, whose severity and economic, social and environmental repercussions have exceeded all previous crises.

Sheeni records losses of LE30.55M in 8 months of 20/21

Tue, 23 Mar 2021 - 10:13 GMT

The company attributed the loss to the decrease in sales volume, which was affected by the state of the markets, in addition to continuing to sell stagnant stock for years, unlike the porcelain factory, which achieves losses according to the expected aging of machinery and equipment.

Iron and Steel's losses dip 8.6% in H1 of 20/21

Sun, 07 Feb 2021 - 01:16 GMT

It recorded losses amounting to LE 437.05 million during the period from July to the end of December, compared to losses amounting to LE 478.18 million during the same period of the previous fiscal year.

Egypt lost $14 billion because of coronavirus pandemic

Fri, 29 Jan 2021 - 10:57 GMT

Some vital sectors such as tourism, hotels, and civil aviation were negatively affected by the virus.

Orascom Investment records loss of LE17.89M in 9 months

Sun, 22 Nov 2020 - 01:56 GMT

The company’s indicators showed that the operating profits hit LE 729.28 billion during the 2020 period, compared to LE 788.65 billion during the compared period of 2019.

Beltone records losses of LE 35.92M in 9 months of 2020

Thu, 12 Nov 2020 - 08:58 GMT

As per standalone results, the company recorded losses of LE 51.93 million, compared to losses of LE 20.55 million in the nine months of 2019.

Beirut Port officials put under home arrest amid losses worth $15B

Wed, 05 Aug 2020 - 08:40 GMT

The death toll following a huge and deadly explosion in Lebanon’s capital of Beirut rose to 135.

Orascom Investment turns into loss during 2019

Wed, 06 May 2020 - 02:20 GMT

As per standalone results, Orascom turned into loss by LE 253.33 million in 2019, compared to profits of LE 58.79 million during 2018.

Beltone records losses of LE 91.5M during 2019

Tue, 17 Mar 2020 - 12:53 GMT

According to the company’s financial results, revenues declined to LE 243 million in 2019, compared to LE 342.7 million in prior year.

Orascom Investment turns into loss during 9 months of 2019

Sun, 01 Dec 2019 - 11:55 GMT

As per standalone results, Orascom turned into loss by LE 295.19 million, compared to profits of LE 175.1 million during January-September period of 2018.

Orascom Investment records loss of LE 79M in Q1 2019

Tue, 11 Jun 2019 - 11:40 GMT

As per standalone results, Orascom recorded a loss of LE 129.57 million, compared to LE 33.96 million during the first quarter of 2018.

Bourse loses EGP 3.4 bn, all indexes fall back

Mon, 08 Apr 2019 - 02:44 GMT

The EGX 30 benchmark decreased 0.16 percent, closing at 15,111.09 points.

Global Telecom turns into loss in 1st 9 months of 2018

Thu, 08 Nov 2018 - 12:23 GMT

As per standalone results, Global Telecom deepened its loss during January to September period to $338.7 million, compared to a loss of $84.5 million during the same period of 2017.

Qatar Airways announces $69 million revenue loss in 2018

Thu, 20 Sep 2018 - 11:51 GMT

Qatar Airways has suffered a $69 million loss this fiscal year, showing the challenges still facing Doha.

Orange reduces its losses to LE 253M in H12018

Wed, 25 Jul 2018 - 11:58 GMT

As per standalone results, the loss decreased 73.9 percent to reach LE 264 million, compared to LE 1.01 billion during the same period of 2017.

Qalaa Holdings decreases its loss to LE184M in Q12018

Mon, 02 Jul 2018 - 03:35 GMT

As per standalone results, the company’s loss increased 41.62 percent, to LE 63.37 million, up from LE 44.75 million in the same period of 2017.

Memphis Pharmaceutical deepens losses in 11 months to LE 38.3M

Tue, 12 Jun 2018 - 12:15 GMT

A filing to the Egyptian Exchange showed that the company recorded a loss of LE 38.3 million in 11 months ending in May 2018.

Orascom Telecom turns into loss in Q1 2018

Sun, 03 Jun 2018 - 01:40 GMT

As per standalone results, the indicators also showed a turn into loss with an amount of LE 33.96 million during the period of January-to-March in 2018.

National Cement Co. records loss of LE 744M in 9 months

Mon, 28 May 2018 - 08:58 GMT

The company’s financial indicators showed a total loss of LE 486.1 million during the same period of the current fiscal year.

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