Dice Sport turns to loss

The company manufactures and distributes ready-made casual wear

ArabFinance:Dice Sport and Casual Wear (DSCW) swung to a net loss of EGP 43,268,370 in Quarter one (Q1) of 2020, according to the company's June 23rd financial statements.

However, the company achieved a net profit of EGP 31,061,227 in Q1 2019.

The company incurred a standalone net loss of EGP 47,958,896 in Q1 of 2020, against a net profit of EGP 21,918,712 in Q1 2019.

EGX announced block trading on 11,523,445 issued shares of Dice Sport worth EGP 18,437,512.

Dice Sport is an Egypt-based company engaged in the casual wear garments and textile industry. The company manufactures and distributes ready-made casual wear made of pure and mixed cotton, polyester, and viscose fabrics in different types, as well as other knitting products.

Copyright © 2020 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

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.

More From Equities