Egyptian appliance maker Olympic Group posted a first-half net loss of EGP39.1 million ($6.6 million), the firm said in a statement on Monday.

Olympic, which said it was acquired in an all-cash deal by Sweden's Electrolux AB in July, had net profit of EGP127.8 million for the same period last year.

Sales dropped to EGP1.1 billion from 1.3 billion.

Business in Egypt has been disrupted by political turmoil that ousted President Hosni Mubarak from office. Olympic said in February its operations were resuming gradually, but that its sales were still significantly lower than usual.

Shares in Olympic Group dipped 0.2 per cent, while Egypt's main index inched 0.3 per cent higher at 1000 GMT. – Reuters