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Reacap turns to profitability in 9 months

Reacap turns to profitability in 9 months
Photo Credit: Arabianeye-Reuters
Naeem Real Estate
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Cairo - Mubasher: Reacap Financial Investments Co. turned to profitability in the first nine months of 2015, as it recorded profits of EGP 41,880 against losses of EGP 35.67 million for the similar period of the previous year.

The company's bottom line stood at EGP 4.5 million in the first half of 2015, against losses of EGP 25.9 million for the similar period of the preceding year.

Reacap is capitalized at EGP 545.9 million, distributed across 109.2 million shares at EGP 5 par value each.