Egypt's Citadel swings to loss in Q3

DUBAI (Reuters) - Egyptian private equity firm Citadel Capital said on Sunday it swung to a standalone loss of 20.7 million Egyptian pounds in the third quarter, compared with a net profit of 18.43 million pounds in the same period last year. The firm, which focuses on the Middle East and north Africa, said it made a consolidated net loss for the first nine months of 446.6 million Egyptian pounds according to a filing on the stock exchange on Sunday. The company had reported a net loss of 160.6 million pounds for the same period a year earlier, the exchange added. ...