Naeem Holding switches to profitability in 2021

Updated 2/15/2022 11:57:19 AM

ArabFinanceNaeem Holding (NAHO) has turned to profitability during the full year 2021, according to unaudited financial indicators filed on Tuesday to the Egyptian Exchange (EGX).

The company recorded a net profit of $1.577 million last year, compared to a net loss of $1.380 million in 2020.

Revenue jumped 20% to $20.767 million in 2021, up from $17.355 million in 2020.

Established in 1997, the public shareholding company is engaged in the provision of investment banking services within Egypt and abroad.