Arab Finance: Prime Holding’s (PRMH) consolidated net profits after tax hiked 8,724% year on year (YoY) in the first quarter (Q1) of 2024 to EGP 17.269 million, compared to EGP 195,700, a filing showed.
The firm earned EGP 59.179 million in operating revenues in Q1 2024, up 30% YoY from EGP 45.436 million.
The firm achieved standalone net profits after tax of EGP 1.387 million in Q1 2024, compared to EGP 619,214 in Q1 2023.
Meanwhile, standalone revenues rose to EGP 7.914 million from EGP 5.343 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.