Arab Finance: Prime Holding (PRMH) has turned to profitability during the first nine months of 2023, according to the consolidated financial statement on November 15^th.

The company achieved consolidated net profits after tax and non-controlling interest of EGP 20.573 million in the January-September period, versus a loss of EGP 48.645 million in the same period of last year.

Operating revenues rose to EGP 131.56 million during the first nine months of this year from EGP 69.46 million in the same months of 2022.

Likewise, the firm earned EGP 4.107 million in standalone net profits after tax from January to September, compared to net losses of EGP 144.941 in the same year-ago period.

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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