Naeem Holding cuts Q1 consolidated loss by 95% YoY
Updated 5/12/2022 1:41:21 PM
ArabFinance: Naeem Holding (NAHO) has cut its consolidated loss attributable to the parent company by 95.01% year-on-year (YoY) in the first quarter (Q1) of 2022, according to the company’s consolidated financial statement filed to the Egyptian Exchange (EGX) on May 12th.
The company has incurred a consolidated net loss excluding minority interest of $75,067 in Q1 2022, versus a loss of $1.51 million in the same quarter of 2021.
As per the company’s standalone financial results, it has turned to profits in Q1 2021, according to the standalone financial statement.
The company has achieved a standalone net profit of $739,861 in the three-month ended March 31st, compared to a loss of $1.37 million in Q1 2021.
Established in 1997, Naeem Holding is engaged in the provision of investment banking services within Egypt and abroad.
