Cairo – Mubasher: Gulf Canadian Real Estate Investment reported a net loss of EGP 203,710 ($22,990) in the first quarter of 2016.
The company’s net losses thus deepened by 29.11% year-over-year from EGP 157,780 ($17,810).
By the end of 2015, the company registered a net profit of EG 1.42 million, down 35.2% from EGP 2.19 million profits in 2014.
