Arab Finance: Marseilia Almasreia Alkhalegeya for Holding Investment’s (MAAL) net losses attributable to the parent company rose 34.75% year on year (YoY) in the first quarter (Q1) of 2024 to EGP 19.717 million from EGP 14.632 million, according to the company’s unaudited financial indicators on May 26th.
However, revenues surged 32.12% YoY to EGP 14.698 million from EGP 11.124 million in Q1 2023.
On the other hand, the company’s standalone net profits after tax dropped to EGP 10.746 million in Q1 2024, compared to EGP 14.765 million in Q1 2023.
Meanwhile, standalone revenues went up to EGP 10.527 million from EGP 7.572 million
Marseilia is an Egypt-based company engaged in real estate property investment, development, and management.