Egypt: General Company for Land Reclamation’s net losses jump 14% in 9 months

Amr Abdallah Dalsh

The incurred net losses were higher by 14.09% year-on-year (YoY) than EGP 15.848 million

Staff Writer, Arab Finance

April 30, 2025

PHOTO

The General Company for Land Reclamation, Development, and Reconstruction (AALR) suffered net losses of EGP 18.082 million in the first nine months of fiscal year (FY) 2024/2025, the financial results showed.

The incurred net losses were higher by 14.09% year-on-year (YoY) than EGP 15.848 million.

Basic loss per share increased to EGP 2.778 from EGP 2.43, while the revenues edged up to EGP 53.612 million from EGP 53.563 million.

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