ODIN Investments reduces consolidated loss by 97.1% YoY in 3 months
Updated 11/15/2022 3:11:00 PM
Arab Finance: ODIN Investments (ODIN) recorded a 97.1% year-on-year (YoY) decline in consolidated loss attributable to the parent company during the three-month period that ended on September 30th, according to the financial statements filed to the Egyptian Exchange (EGX) on November 15th.
The company’s consolidated loss dropped to EGP 2.567 million in July-September from EGP 88.588 million in the same period of 2021.
The standalone net loss after tax widened to EGP 1.464 million in the three months to September 30th from EGP 56,820 in the same period a year earlier.
ODIN is an Egypt-based leading investment company, with a diversified experience in general investment, particularly the real estate and the financial services sectors.
