Arab Co.,for asset management and development reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was EGP 0.259726 million compared to EGP 15.26 million a year ago. Net loss was EGP 0.950712 million compared to net income of EGP 13.37 million a year ago.
For the nine months, sales was EGP 0.779176 million compared to EGP 15.71 million a year ago. Net loss was EGP 3.39 million compared to net income of EGP 10.33 million a year ago. Basic loss per share from continuing operations was EGP 0.002 compared to basic earnings per share from continuing operations of EGP 0.008 a year ago.