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RSS FeedsResults of full year (and December) 2019
(World News Egypt)

 
 

12 august 2020 04:53:09

 
Results of full year (and December) 2019
(World News Egypt)
 


2019 Consolidated activity highlights IN LEBANESE POUNDS AT END-2019 The operating environment was characterised by the severe economic and fiscal crisis that is hitting Lebanon since the fourth quarter of 2019, with an unprecedented impact. Impairments for credit losses, imposed by the prevailing crisis, amounted to LBP 1,872 billion (of which LBP 1,058 billion to cover losses resulting from the decision of the Lebanese government, in March 2020, to discontinue payment on the Eurobonds), resulting in a net loss of LBP 908 billion for the year, despite LBP 225 billion of net profits generated by the entities operating outside Lebanon. The excessive uncertainties characterising the...


 
32 viewsCategory: General > Africa > Egypt
 
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(World News Egypt)
 
 
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