Al Orouba Securities turns to profit
Updated 11/4/2020 9:57:00 AM
ArabFinance: Al Orouba Securities Brokerage Company (EOSB) posted a net profit after tax of EGP 74,589 in the first nine months of 2020, according to the company’s November 4th financial statements filed to the Egyptian Exchange (EGX).
In the January-September period of 2019, the company incurred a net loss of EGP 625,097.
The company attributed its performance to the increase in activity revenues by 82% Year on Year to stand at EGP 1,551,555 in the nine-month period of 2020.
The Financial Regulatory Authority approved earlier to unfreeze 3,730,357 of Al Orouba’s shares.
Established in 1987 and listed on EGX in 2008, Al Orouba operates within the diversified financial sector, focusing on investment banking and brokerage.
