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FINANCIAL NEWS
Egypt’s Waterproofing Co. plans to balance 2015’s losses
10 Jan 2016
(MENAFN) Modern Waterproofing Co. improved plan addressing its income to compensate for its financial losses through 2015.
Accordingly, the company is working well, but its investments require to be reviewed after they made numerous losses over last year.
The firm’s independent statements over the Jan-Sep period of 2015 involved net profits of USD 1.021mn compared to net profits of USD 0.80mn of 2014.
However, united financial statements, which involve subsidiaries and faltering firms, experienced losses of USD 1.58mn over the same period of 2014.
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