Pioneers Holding registers 22% profit decline

ArabFinance: Pioneers Holding Company reported a 22% Year on Year decline in its consolidated net profit in the first nine months of 2020, according to the company’s November 16^thfinancial statements filed to the Egyptian Exchange.

Consolidated net profit before minority interest stood at EGP 744,474,410 in the January-September period of 2020, compared to EGP 958,015,564 achieved in the prior-year period.

Standalone net profit reached EGP 153,597,928 in the January-September period of 2020, against a net loss of EGP 120,974,154 in the corresponding period a year earlier.

Pioneers is a public shareholding company that operates in the financial services and securities brokerage sector. It is engaged in the provision of comprehensive financial services for both retail and institutional investors, including brokerage services covering public and private sectors in restructuring, mergers, issuing of equity and debt capital, and market research.

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