ODIN Investments turns profitable in Q1 FY2023/24

Updated 11/9/2023 10:21:00 AM
ODIN Investments turns profitable in Q1 FY2023/24

Arab Finance: ODIN Investments (ODIN) registered consolidated net profits after tax and non-controlling interest of EGP 14.610 million in the first quarter (Q1) of (FY) 2023/2024, against net losses of EGP 2.598 million in Q1 of the prior FY, a filing revealed.

Revenues hit EGP 30.658 million during the July-September period of the current FY, while it totaled EGP 1.97 million over the same period of the last FY.

The company recorded standalone net profits after tax of EGP 5.841 during Q1 FY 2023/2024, while it incurred standalone net losses of EGP 1.464 million in Q1 FY 2022/2023.

Meanwhile, standalone revenues recorded EGP 17.768 million, up from EGP 998,048 in Q1 of the elapsed FY.

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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