Naeem Holding’s consolidated profits surge 90.6% YoY in Q1 2024

Updated 5/14/2024 10:27:00 AM
Naeem Holding’s consolidated profits surge 90.6% YoY in Q1 2024

Arab Finance: Naeem Holding (NAHO) posted a 90.6% year-on-year increase in consolidated net profits after tax and non-controlling interest in the first quarter (Q1) of 2024, recording $382,048, compared to EGP 200,401, as per a disclosure.

Total revenues came in at $3.447 million in the three months to March, up from $ 2.168 million during the same period last year.

Moreover, the firm generated $528,048 in standalone net profits after tax in Q1 2024, versus $741,610 in Q1 2023.

Meanwhile, standalone revenues soared to $119,904 in Q1 2024 from $69,230 in the year-ago quarter.

Established in 1997, Naeem Holding is engaged in the provision of investment banking services within Egypt and abroad.

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