The company reported that net revenues stood at EGP 260.2m, down 40% quarter-on-quarter (q-o-q) and 23% year-on-year (y-o-y).
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Target Real Estate Investment and its owners own about 21.2% of the shares of Dice Ready Made Garments.
The purpose of the borrowing is to finance the acquisition deal over Cairo Cotton in a deal worth EGP 140m. Dice will self-fund the remaining EGP 50m.
73.2% of the company’s H1 2017 revenues were denominated in USD