Prime Holding’s consolidated profits drop 11% YoY in H1 2024

Updated 8/11/2024 9:17:00 AM
Prime Holding’s consolidated profits drop 11% YoY in H1 2024

Arab Finance: Prime Holding’s (PRMH) consolidated net profits after tax declined by 11% year on year (YoY) in the first half (H1) of 2024 to EGP 13.590 million, compared to EGP 15.242 million, according to the company’s unaudited financial statement.

The firm earned EGP 112.760 million in net sales in H1 2024, up from EGP 96.828 million in H1 2023.

The firm incurred a standalone net loss after tax of EGP 665,856 in H1 2024, versus to net profits of EGP 178,822 in H1 2023.

Meanwhile, standalone net sales rose to EGP 10.632 million from EGP 8.942 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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