Prime Holding becomes profitable in 2023

Updated 2/28/2024 9:41:00 AM
Prime Holding becomes profitable in 2023

Arab Finance: Prime Holding (PRMH) has turned to profitability during 2023, according to the firm's financial indicators.

The company achieved consolidated net profits after tax of EGP 25.133 million in 2023, versus a loss of EGP 58.563 million in 2022.

Operating revenues rose to EGP 191.21 million last year from EGP 103.308 million a year earlier.

The firm achieved standalone net profits after tax of EGP 9.850 million in the 12-month period ended December 31st, down from EGP 148.169 million.

Prime Holding is an EGX-listed company, which provides investments and financial services for corporations, institutions, government entities, and individuals within Egypt and abroad.

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