Arab Finance: Al Orouba Securities Brokerage Company (EOSB) has switched to losses during the first quarter (Q1) of 2022, according to a filing to the Egyptian Exchange (EGX) on May 29th.
The company has incurred a net loss after tax of EGP 1.264 million in Q1 2022, versus a net profit of EGP 100,989 in Q1 2021.
Revenue nearly halved to EGP 959,457 in the three-month period ended March 31st from EGP 1.925 million in the same period a year earlier.
Established in 1987 and listed on EGX in 2008, Al Orouba operates within the diversified financial sector, focusing on investment banking and brokerage.