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ODIN Investments sees net loss increase

ODIN Investments sees net loss increase

ArabFinance:  ODIN Investments (ODIN) reported a 15% Year on Year increase in its consolidated net loss in 2020, according to the company’s statement filed to the Egyptian Exchange on February 15th.

Consolidated net loss reached EGP 2.48 million in 2020, compared to EGP 2.15 million in 2019.

The company suffered a standalone net loss of EGP 569,822 by the end of December 31st 2020, compared to EGP 1.89 the year before.

The listed company turned to loss during the first nine months of 2020, suffering a consolidated net loss of EGP 441,205, versus a net profit of EGP 70,601 in the same period of 2019.

ODIN, formerly known as Egyptians Abroad for Investment and Development Company, aims to attract funds from Egyptians living abroad and invest them in the ongoing development of Egypt, with a focus on the real estate and financial services sectors. 

 

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