In a statement on its consolidated financial statements sent to the Egyptian Exchange (EGX), the company said that its sales in H1 of 2020. It added that this reflects a decrease of 14.1% to EGP 9.9bn compared to the EGP 11.5bn recorded last year.
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The latest figures reflect a 13.8% decline in terms of unit construction and 11.5% decline in investments on the previous year, with 326,300 units built in 2017/2018 at an investment of EGP 106.9bn.
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With 11 years of experience collectively under the belts, Expo One specialises in creating platforms that directly contribute to the development of industry in the MEA region.
In the statement, the social networking company said that the figure includes donations of $500,000 from a campaign by Facebook users, an amount that was matched by the company. The donation by Facebook comes in the wake of a huge explosion at the port in the country’s capital, Beirut, last Tuesday.
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Situated at an altitude of 2,200 metres in a mountain valley, Sanaa has been inhabited for more than 2,500 years. In the 7th and 8th centuries, the city became a major centre of Islam.
The event takes an in-depth look at home appliances, kitchen, tableware, and interior lighting solutions.
The company’s establishment follows on from a Financial Regulatory Authority (FRA) initiative providing further regulation and governance of Egypt’s consumer finance industry, covered by Law Number 18 for 2020 that was issued in March.
The donations will see the purchase of equipment including medical gowns, goggles, surgical masks, and other needed medical supplies, and will be carried out in coordination with the Ministry of Health.
The third aid batch compromises 14 tonnes of medical supplies, and foodstuff including flour to maintain bread production in the city and to compensate the damage occurred to the country’s strategic reserve of wheat, the Egyptian Embassy to Beirut revealed.
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The protocol was signed via video conference by Amr Talaat, Minister of Communications and Information Technology, and ElSayed ElKosayer, Minister of Agriculture and Land Reclamation.
The specialised medical equipment will be sent to intensive care units (ICU) at hospitals to support the country’s response to the novel coronavirus (COVID–19) pandemic. The donation recognises the strong strategic partnership between the US and Egypt, and the international cooperation efforts that are being carried out to support the global response to the pandemic.
Cooperation includes establishment of paediatrics section at Luxor’s Shefaa El-Orman Hospital, providing medical equipment for El Abbasiya Fever Hospital
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