Egyptian private equity firm Citadel Capital said on Sunday its net loss in the first quarter had widened 43 percent from a year earlier to $26.4 million.
It said assets under management had risen 4.9 percent to $4.4 billion in the 12 months to end-March 2012.
"Setting aside the net effect of one-time fees related to Citadel Capital's refinanced debt and the OPIC-backed facility, the firm would have recorded a 9 percent narrowing of its consolidated loss," the company said in an emailed statement.
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