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Business

SODIC swings to first-half net loss: bourse

DNE
Last updated: September 12, 2012 4:18 pm
DNE
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CAIRO: Egypt’s third-biggest listed developer, SODIC, posted a first-half net loss of LE 120 million ($20 million), the stock exchange said on Wednesday.

The real estate firm, which does not fully recognize revenues until it delivers units, made a first-half net profit of LE 50.7 million last year.

The stock exchange did not provide further details.

 

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