Dice reveals assessment of Cairo Cotton Center's assets

The study assessed the value of the assets at $9.81mln

Cairo –  Dice Sport and Casual Wear revealed the results of the study assessing the value of the assets purchased from Cairo Cotton Center for EGP 120 million.

The study assessed the value of the assets at EGP 154.51 million, coming in favour of Dice, the company said in a bourse disclosure on Tuesday.

In February, Dice bought the assets of Cairo Cotton for a value of EGP 120 million.

During the first half (H1) of 2020, the company reported net losses of EGP 92.76 million, against net profits of EGP 73.014 million in H1-19.

Source: Mubasher

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