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Egypt's Citadel Q3 net loss narrows 38.3% from last year

Reuters, Thursday 12 Dec 2013

Egypt's Citadel Capital said on Thursday its consolidated net loss for the third quarter narrowed by 38.3 percent to LE82.7 million ($12.01 million) from LE134 million ($19.4 million) last year.

Citadel Capital, a holding company with $9.5 billion under control, has suffered losses over the past two years, partly due to economic turmoil in the Arab world. 

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