Development and Engineering Consultants reports 58% loss increase

Development and Engineering Consultants (DAPH) posted a 58% Year on Year increase in its consolidated loss in Q1

  
ArabFinance:Development and Engineering Consultants (DAPH) posted a 58% Year on Year increase in its consolidated loss in Quarter one (Q1) of 2020, according to a June 16thfinancial results filed to the Egyptian Exchange.

Consolidated net loss stood at EGP 11,619,809 in Q1 2020, compared to EGP 7,346,263 incurred in Q1 2019.

Standalone net loss reached EGP 8,703,593 in 2019, a 61% rise from EGP 5,405,759 incurred in the corresponding period.

In early April, the company announced the distribution of one free share for every 10 shares held.

The ordinary general assembly approved financial results and profit distribution for shareholders of EGP 86,409 for 2019.

Established in 1954 and listed in 1996, Development and Engineering Consultants operates within the Capital Goods sector focusing on Construction and Engineering. It is based in Cairo, Egypt.

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