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Citadel Capital stock down to 6M low

Citadel Capital stock down to 6M low
The Egyptian Exchange (Photo credit: Mubasher)
Qalaa Holding
CCAP
0.00% 2.71 0.00

Cairo – Mubasher: Citadel Capital’s stock declined on Monday to its lowest level since six months (13 November 2016), pressured by a rise in the company’s annual losses.

By 11:05 am Cairo time, the stock fell 8.5% to EGP 0.86, with a turnover  of EGP 27.35 million.

The company posted on Monday an increase of 355% in its consolidated net loss for fiscal year 2016 to EGP 5.58 billion, compared to EGP 1.22 billion for FY15.

Consolidated revenues increased in FY16 to EGP 7.8 billion from EGP 5.9 billion for FY16.