Rekaz Holding’s losses fall 54% YoY in Q1 2024

The company incurred net losses of EGP 168,351 during the January-March period this year, compared to EGP 366,665 in the same period a year earlier

Staff Writer, Arab Finance

May 26, 2024

PHOTO

Rekaz Holding for Investment (RKAZ) posted a 54.1% year-on-year (YoY) drop in net losses after tax for the first quarter (Q1) of 2024, according to the financial statement released on May 26th.

The company incurred net losses of EGP 168,351 during the January-March period this year, compared to EGP 366,665 in the same period a year earlier.

Meanwhile, operating revenues went up to EGP 194,844 from EGP 170,394.

Established in 2010, the company’s activity covers trading in fertilizers as well as agricultural products and equipment, land reclamation and restoration, purchasing and selling properties, public trading and contracting, import and export.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.