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Reacap turns profitable in H1

Reacap turns profitable in H1
Photo Credit: Arabianeye-Reuters
Naeem Real Estate
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Cairo-Mubasher: Reacap Financial Investments reported profits of EGP 4.5 million in the first half of 2015, against losses of EGP 25.9 million in H1-14, according to a bourse filing.

The company turned profitable after generating EGP 8.9 million in H1-15, against losses of EGP 1.3 million in H1-14, according to unconsolidated financial statements.

Reacap previously posted profits of EGP 14.3 million in Q1-15, versus losses of EGP 7.6 million in Q1-14.