Cairo – Mubasher: The consolidated net profits of Nile City Investments plummeted by 91.88% year-on-year (YoY) to EGP 48.57 million in 2020, compared to EGP 598.67 million, including minority shareholders’ rights.
The revenues retreated to EGP 533.66 million last year from EGP 1.18 billion in 2019, the company said in a bourse disclosure on Thursday.
In addition, the standalone financial results showed net profits of EGP 64.26 million in 2020, down from EGP 285.88 million a year earlier.
