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Gulf Canadian shareholders approve FY13 financial results

Gulf Canadian shareholders approve FY13 financial results
Gulf Canadian Real Estate Investment shareholders approved the board and auditor’s reports, as well as balance sheet and profit/loss statement for the fiscal year that ended on December 31, 2013.
Board members were discharged from liability for the same FY.

The company posted EGP 8.72 million net profit in 2013, against EGP 152 thousand net loss in 2012.

Financial results for the first nine month of FY13 reported EGP 137 thousand net profit, against EGP 54 thousand net loss in the same period a year earlier.