Prime Holding incurs EGP 22.08M in H1
Updated 8/15/2021 10:49:00 AM
ArabFinance: Prime Holding (PRMH) incurred a consolidated net loss after tax of EGP 22.08 million in the first half (H1) of 2021, up from EGP 13.90 million in H1 2020, according to the company’s financial statements to the Egyptian Exchange (EGX).
On the other hand, the company has reduced its standalone net loss to EGP 8.87 million during the six-month period ended June 30th, from EGP 18.02 million in H1 2020.
Consolidated revenues jumped by 67% year-on-year to EGP 54.7 million in H1 2021, the company said in an earnings release.
Prime Holding is an EGX-listed company, which provides investments and financial services for corporations, institutions, government entities, and individuals within Egypt and abroad.
