Cairo - Mubasher: The consolidated financial statements of Barbary Investment Group (BIG) indicated a 279% year-on-year (YoY) surge in losses during the first quarter (Q1) of 2020.

The losses for the period ending in March 2020 amounted to EGP 2.12 million when compared to EGP 561,200 in Q1-19, including minority shareholders’ rights.

Meanwhile, sales totalled EGP 32,450, according to a bourse disclosure on Tuesday.

Furthermore, the company’s standalone losses widened to EGP 2.1 million in Q1-20, compared to EGP 527,400 in Q1-19.

During fiscal year (FY) 2019, the losses came at EGP 3.27 million, compared with EGP 2.59 million in 2018.