Aspire Capital Holding’s consolidated profits plunge 89.5% YoY in 9 months
Updated 11/15/2022 11:09:00 AM
Arab Finance: Aspire Capital Holding for Financial Investments (ASPI) posted a 89.45% year-on-year (YoY) drop in consolidated profits attributable to the parent company during the first nine months of 2022, according to the financial statements filed to the Egyptian Exchange (EGX) on November 15th.
The company’s consolidated profit excluding minority interest plummeted to EGP 3.67 million in the nine months to September 30th from EGP 34.84 million in the same period a year earlier.
Operating revenue declined to EGP 84.888 million in January-September from EGP 122.754 million in the nine-month period of 2021.
Furthermore, the company reported a standalone net profit after tax of EGP 5.856 million in the nine-month period, compared to a net loss of EGP 20.784 million in the same period last year.
Aspire Capital Holding, formerly known as Pioneers Holding Company for Financial Investment, is an Egypt-based company that operates in the financial services sector.
