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Dice swings to loss in 9M

Dice swings to loss in 9M
Sales fell to EGP 700 million in the January-September period
Dice
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Cairo – Mubasher: Dice Sport and Casual Wear turned to net losses of EGP 77.02 million in the first nine months of 2020, against net profits of EGP 98.16 million in the same period a year earlier, the standalone financial statements showed.

The company’s sales retreated to EGP 700 million in the January-September period from EGP 979.94 million in the corresponding period in 2019, according to a bourse disclosure on Sunday.

During the first half (H1) of 2020, Dice reported consolidated net losses of EGP 92.76 million, versus net profits of EGP 73.014 million H1-19, and standalone net losses of EGP 101.5 million in the January-June period, versus net profits of EGP 56.98 million in the prior-year period.