Arab Finance: Aspire Capital Holding for Financial Investments (ASPI) has incurred consolidated net losses of EGP 268,944 during the first quarter (Q1) of this year, versus net profits amounting to EGP 1.810 million in the same quarter in 2022, according to the financial statements filed to the Egyptian Exchange (EGX) on June 5th.
Consolidated operating revenue climbed to EGP 51.515 million in Q1 2023 from EGP 22.737 million in Q1 2022.
The company posted a standalone net profit after tax of EGP 1.132 million in the three-month ended March 31st up from EGP 393,355 million in the same period a year earlier.
Aspire Capital Holding, formerly known as Pioneers Holding Company for Financial Investment, is an Egypt-based company that operates in the financial services sector.