Rubex International turns to loss

Rubex International incurred a net loss in the first nine months

ArabFinance: Rubex International incurred a net loss of EGP 7,732,927 in the first nine months of 2020, according to the company’s November 15thfinancial statements filed to the Egyptian Exchange.

In the July-September period of 2019, the company posted a net profit of EGP 4,504,699.

The company’s board of directors ratified the subscription outcomes as the issued capital increased by EGP 43.949 million.

Rubex is an Egypt-based joint-stock shareholding company engaged in acrylic and plastic products manufacturing. The company manufactures and distributes household plastic and acrylic products that include acrylic bathtubs and corner bathtubs, acrylic shower trays, acrylic bathroom panels, and others.

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