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SODIC swings to 2011 net loss - Daily News Egypt

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SODIC swings to 2011 net loss

Ehab Farouk and Tom Pfeiffer / Reuters CAIRO: Egyptian real estate developer SODIC said on Tuesday it fell to a net loss last year, when the industry was thrown into turmoil by challenges to state land sales and a mass uprising. SODIC, the country’s third-biggest listed developer, reported a loss of LE 193 million ($31.96 …


Ehab Farouk and Tom Pfeiffer / Reuters

CAIRO: Egyptian real estate developer SODIC said on Tuesday it fell to a net loss last year, when the industry was thrown into turmoil by challenges to state land sales and a mass uprising.

SODIC, the country’s third-biggest listed developer, reported a loss of LE 193 million ($31.96 million) for 2011 after making a profit of LE 135 million a year earlier, it said in a statement published by the stock exchange.

 

Topics: Real Estate SODIC

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https://www.dailynewsegypt.com/2012/04/17/sodic-swings-to-2011-net-loss/
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