Aspire Capital’s consolidated profits drop 93% YoY in Q1
Updated 6/5/2022 12:27:00 PM
ArabFinance: Aspire Capital Holding for Financial Investments (ASPI) has recorded a 93% year-on-year (YoY) decline in consolidated profit attributable to the parent company, registering EGP 1.81 million, according to the financial statements filed to the Egyptian Exchange (EGX) on June 5th.
Consolidated operating revenue plummeted to EGP 22.737 million in Q1 2022 from EGP 50.714 million in Q1 2021.
The company posted a standalone net profit after tax of EGP 393,355 in the three-month ended March 31st down from EGP 4.131 million in the same period a year earlier.
Aspire Capital Holding, formerly known as Pioneers Holding Company for Financial Investment, is an Egypt-based company that operates in the financial services sector.
