Prime Holding reports loss of EGP 11M

Updated 5/10/2021 1:21:00 PM

ArabFinance:  Prime Holding (PRMH) incurred a consolidated net loss of EGP 11,367,901 in quarter one (Q1) 2021, according to the company’s May 10th unaudited financial statements filed to the Egyptian Exchange.

This marked a Year on Year decline of 35% when compared to EGP 17,410,538 in Q1 2020.

Standalone net loss reached EGP 4,667,297 in Q1 2021, a 71% decline from loss of EGP 15,871,410 incurred in the prior-year period.

The listed company is engaged in the provision of several investments and financial services for corporations, institutions, government entities, and individuals within Egypt and abroad.