Egyptian Castle for Financial Investments announced that it recorded a net loss of 2.3 billion Egyptian pounds during the previous year, unchanged from the year before, citing losses on currency differences amounting to 4.7 billion pounds following the decline in the value of the Egyptian pound.
The company stated in a statement to the Egyptian stock exchange that its revenues increased by about 113.2% during the previous year, recording approximately 97.7 billion pounds compared to about 45.8 billion pounds during 2021.
The company added that it achieved revenues from export activities worth $123.4 million during 2022, with a growth rate of 29.2%, while sales in foreign currencies in the local market amounted to $3.9 billion during the previous year, compared to $1.19 billion for the previous year.
