ODIN Investments becomes profitable in 9 months

Updated 5/23/2024 9:36:00 AM
ODIN Investments becomes profitable in 9 months

Arab Finance: ODIN Investments (ODIN) recorded consolidated net profits attributable to the parent company worth EGP 118.288 million during the nine-month period that ended on March 31st, versus net losses of EGP 6.683 million, according to the financial statements filed to the Egyptian Exchange (EGX) on May 23rd.

Net revenues hit EGP 169.421 million, compared to EGP 9.945 million.

The standalone net loss profits tax totaled EGP 106.565 million for the first nine months of fiscal year (FY) 2023/24 versus net losses of EGP 4.546 million in the same period a year earlier.

ODIN is an Egypt-based leading investment company with a diversified experience in general investment, particularly the real estate and the financial services sectors.

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