April 22, 2014 / 9:57 AM / 3 years ago

Egypt's SODIC posts 2013 net loss of $64 million

1 Min Read

CAIRO, April 22 (Reuters) - Egyptian property developer SODIC said on Tuesday it made a net loss of 447.1 million Egyptian pounds ($64 million) in the year 2013.

The company had made a net profit of 257 million pounds a year earlier.

Egypt's real estate industry was thrown into turmoil after a popular uprising ousted President Honsi Mubarak in 2011, hitting demand for high-end property. ($1 = 6.9902 Egyptian Pounds) (Reporting by Asma Alsharif; Editing by Erica Billingham)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below