Sodic posts $1.9m Q1 net loss
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Sodic posts $1.9m Q1 net loss

Sodic posts $1.9m Q1 net loss

Egyptian stock exchange has said that real estate developer, Sixth of October Development and Investment Co (Sodic), has posted a first quarter net loss of EGP10.9m ($1.94m), Reuters has reported. Sodic, which does not fully recognize revenues until it delivers units, made a net loss of EGP8.3m in the same period last year.

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