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.

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