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The company loses 48,408 million pounds in the first half
Rana Mamdouh
The board of directors of Beltone Financial Holding, at its meeting yesterday, approved the restructuring of the investment committee.
The board of directors approved Naguib Sawiris as chairman of the investment committee, Ibrahim Mohamed and Wafaa Zoklama as members, the company said in a statement to the stock market today.
The Board approved the company's consolidated financial indicators, which show an increase in net losses in the first half of this year to reach £ 48.408 million, compared with £ 887.025 thousand in the corresponding period.
Revenues decreased in the same period to 261.493 million pounds, compared to 361.625 million pounds for the corresponding period.
In terms of independent operations, the company's financial statements showed net losses of £ 20.984 million in the first half of this year, compared to £ 14.424 million for the same period.
Revenues decreased over the same period to 4,714 million pounds, compared to 5,071 million pounds in the corresponding period.
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