Al Orouba Securities reports 89% loss decline

Updated 6/9/2020 2:49:00 PM

ArabFinance: Al Orouba Securities (EOSB) posted an 89% Year on Year decline in its net loss in Quarter one (Q1) of 2020, according to the company’s June 9th financial statements filed to the Egyptian Exchange (EGX).

Net loss stood at EGP 335,795, compared to EGP 178,007 incurred in Q1 2019.

In 2019, the company suffered a net loss of EGP 844,051, a 103% increase from the EGP 415,118 incurred a year earlier.

Established in 1987 and listed on EGX in 2008, Al Orouba Securities operates within the diversified financial sector, focusing on investment banking and brokerage.