Aspire Capital’s consolidated profit plummets in 2021

Updated 3/7/2022 10:21:36 AM

ArabFinanceAspire Capital Holding for Financial Investments’ (ASPI) consolidated profits excluding minority interest slashed to EGP 430.592 million in 2021, from EGP 1.864 billion in 2020, according to financial statements filed to the Egyptian Exchange (EGX) on Monday.

On the other hand, the company registered a standalone loss after tax of EGP 1.061 million in 2021, compared to a net profit of EGP 156.746 million in 2020, financial statements showed.

Aspire Capital Holding, formerly known as Pioneers Holding Company for Financial Investment, is an Egypt-based company that operates in the financial services sector.