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Dice incurs EGP 56.5m loss in 9M consolidated financials

Dice incurs EGP 56.5m loss in 9M consolidated financials
The company’s sales declined to EGP 831.67 million
Dice
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Cairo – Mubasher: Dice Sport and Casual Wear moved to consolidated net losses of EGP 56.56 million during the first nine months of 2020, against net profits of EGP 125.29 million in the year-ago period, including minority shareholders’ rights.

The company’s sales declined to EGP 831.67 million in the January-September period from EGP 1.139 billion in the corresponding period in 2019, according to a bourse disclosure on Tuesday.

Previously, the standalone financial results showed net losses of EGP 77.02 million in the nine-month period ended 30 September, versus net profits of EGP 98.16 million in the same period a year earlier.

During the first half (H1) of 2020, Dice reported consolidated net losses of EGP 92.76 million, compared to net profits of EGP 73.014 million H1-19.