Odin for Investment and Development records EGP 1.5M consolidated loss in Q1

Updated 5/30/2022 11:16:00 AM

Arab Finance: Odin for Investment and Development (ODID) reported a consolidated loss attributable to the parent company of EGP 1.57 million in the first quarter (Q1) of 2022, according to financial statements filed to the Egyptian Exchange (EGX) on May 30th.

Since its establishment on October 12th 2021, the company's consolidated net profit excluding minority interest reached EGP 2.27 million at the end of March 2022. 

The company’s consolidated operating revenue reached EGP 12,434 at the end of March.

As for standalone financials, the company reported a net profit after tax of EGP 1.96 million in the October-March period.