ODIN Investments’ losses widen 112.68% YoY in 9 months

Updated 5/10/2023 10:04:00 AM
ODIN Investments’ losses widen 112.68% YoY in 9 months

Arab Finance: ODIN Investments (ODIN) recorded a 112.68% year-on-year (YoY) increase in consolidated loss attributable to the parent company during the nine-month period that ended on March 31st, according to the financial statements filed to the Egyptian Exchange (EGX) on May 10th.

The company’s consolidated loss surged to EGP 6.683 million in July-March from EGP 3.142 million in the same period of 2022.

The standalone net loss after tax widened to EGP 4.546 million in for the first nine months of fiscal year (FY) 2022/23 from EGP 1.128 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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