Egypt's Citadel Capital reports 2010 net loss

Reuters , Wednesday 1 Jun 2011

Private equity firm ends financial year down a hefty LE1.26 billion

Egyptian private equity firm Citadel Capital posted a net loss of LE1.26 billion in 2010 compared with a 99 million profit a year earlier, the bourse said on Wednesday.

Operating revenues over the same period were LE58.4 million, up from 45.9 million in 2010.

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