Dice swings to loss

Dice incurred a standalone net loss in 2020

  

ArabFinance: Dice Sport and Casual Wear (DSCW) suffered a consolidated net loss before minority interest of EGP 56.924 million in 2020, according to the company’s April 19th financial statements filed to the Egyptian Exchange.

In 2019, the listed company posted a consolidated net profit of EGP 116.309 million.

Dice incurred a standalone net loss of 79.126 million in 2020, against a net profit of EGP 87.482 million posted in 2019.

In late March, the Financial Regulatory Authority (FRA) asked Dice to prepare a fair value report after its shares shed more than half their value since late February.

Dice 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.

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