Naeem Holding sees net loss drop

The listed company reported an 89% Year on Year decline in its consolidated net loss in the first nine months

  

ArabFinance: Naeem Holding for Investment (NAHO) suffered a net loss of $1.38 million (EGP 21.55 million) in 2020, compared to $6.77 million (EGP 105.74 million) in 2019, according to the company’s unaudited financial statements to the Egyptian Exchange on February 14th.

The listed company reported an 89% Year on Year decline in its consolidated net loss in the first nine months of 2020, recording $338,490 (EGP 5.29 million), compared to $3.04 million (EGP 47.63 million) in the prior-year period.

Established in 1997, the public shareholding company is engaged in the provision of investment banking services within Egypt and abroad.

*At the press time, the conversion rate is $1 = EGP 15.62.

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