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Egypt's SODIC slips into the red for first-half 2011

Ahram Online, Wednesday 7 Sep 2011
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Egypt's third-biggest listed developer, SODIC, posted a net loss of LE120.01 million (US$20m) for the first half of 2011, the stock market announced on Wednesday. 

The real estate firm, which does not recognise full revenues until it delivers completed units, made net profits of LE50.7 million for the same period last year.
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