Arab Today, arab today citadel capital reports net loss in 2q 2012
Last Updated : GMT 16:24:37
Arab Today, arab today
Arab Today, arab today

Citadel Capital reports net loss in 2Q 2012

Arab Today, arab today

Arab Today, arab today Citadel Capital reports net loss in 2Q 2012

Cairo - Arabstoday

Private equity firm makes second quarter loss of LE124.23 million, an improvement on previous quarter, company announces Egyptian private equity firm, Citadel Capital, realised a consolidated net loss in the second quarter of 2012 of LE124.23 million ($21 million), an improvement over the previous quarter, the company announced on Tuesday. With assets mainly focused in the Middle East and Africa, Citadel Capital controls more than US$9.5 billion of investments across 15 countries. The firm had realised a loss of LE159 million in the first quarter of 2012. Overall, Citadel saw a total net loss of LE283.5 million ($46.9 million) in the first six months of 2012. The reason behind the smaller net loss on a quarterly basis was the growth in net interest income to LE7.5 million compared to a net interest expense of LE51 million in the last quarter due to one-off interest costs. Associate companies which include ASEC Holding, United Foundries, ASCOM, Tawazon, Finance Unlimited, TAQA Arabia and Nile Logistics, saw their performance return to pre-revolution levels by the end of the Q2. On an annual basis, consolidated net losses fell 3 per cent in first half of 2012, below the same period last year. From ahramonline

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today citadel capital reports net loss in 2q 2012 Arab Today, arab today citadel capital reports net loss in 2q 2012

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today citadel capital reports net loss in 2q 2012 Arab Today, arab today citadel capital reports net loss in 2q 2012

 



Arab Today, arab today Etiquette expert calls for short visits

GMT 16:21 2017 Monday ,26 June

Etiquette expert calls for short visits
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday