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Thiqah for Business Administration swings to profitability Q1

Thiqah for Business Administration swings to profitability Q1

ArabFinanceThiqah for Business Administration And Development (TRST) switched to profitability during the first quarter (Q1) of 2022, recording a net loss after tax of EGP 178,768, compared to a net loss of EGP 162,689 in the corresponding period a year earlier,  according to financial indicators filed to the Egyptian Exchange (EGX) on Monday.

The company recorded a revenue of EGP 2.708 million in Q1-2022.

Founded in 2010, Thiqah for Business Administration, previously known as Brothers Solidarity for Real Estate Investment and Food Security, provides real estate investment and development, civil contracting for commercial and residential projects, property brokerage services, ownership and operation of poultry, cattle, goat, and sheep farms.

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