Cairo – Mubasher: Porto Group Holding incurred net losses of EGP 8.62 million in the first nine months of 2020, against net profits of EGP 91.34 million in the year-ago period, including minority shareholders’ rights.

As for standalone business, the company reported net losses of EGP 10.93 million in the January-September period, versus net profits of EGP 74.51 million in the corresponding period a year earlier, according to a bourse disclosure on Thursday.

During the first half (H1) of 2020, Porto Group Holding turned to net losses of EGP 24.7 million, compared to net profits of EGP 80.07 million H1-19, including minority shareholders’ rights.