Prime Holding’s consolidated loss increases 53.5% YoY in Q1
Updated 5/30/2022 9:57:00 AM
Arab Finance: Prime Holding’s (PRMH) consolidated loss attributable to the parent company surged 53.49% year-on-year (YoY) during the first quarter (Q1) of 2022, according to the consolidated financial statement filed to the Egyptian Exchange (EGX) on May 30th.
The company suffered a consolidated net loss excluding minority interest of EGP 17.542 million in Q1 2022, versus EGP 11.42 million in the same quarter last year.
Total operating revenue declined to EGP 19.903 million in Q1 2022 from EGP 32.133 million in Q1 2021.
Standalone net loss after tax rose to EGP 7.878 million in the three-month period ended March 31st from EGP 4.667 million in the same period a year earlier, the standalone financial statement showed.
Prime Holding is an EGX-listed company, which provides investments and financial services for corporations, institutions, government entities, and individuals within Egypt and abroad.
