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Rubex Plastics suffers EGP3.7m losses in 2014

Rubex Plastics suffers EGP3.7m losses in 2014
Photo Credit: Arabianeye-Reuters
Rubex
RUBX
-6.61% 5.23 -0.37

Rubex Plastics suffered EGP 3.7 million ($485,000) in losses for 2014 opposite EGP 1.6 million ($210,000) in profits for the previous year.

The company has reported EGP 180,300 net profits in the nine months ended December 2014, compared with EGP 2.8 million for the same period of the previous year down by 93%.
 
Rubex is capitalised at EGP 50 million, divided into 10 million shares at EGP 5 par value each.