Cairo – Mubasher: The preliminary financial results of Naeem Holding for Investment, listed on the Egyptian Exchange (EGX) and the Dubai Financial Market (DFM), announced turning to losses during 2019.
The dual-listed firm incurred net losses of $3.696 million last year, against net profits of $294,425 in 2018, according to a bourse statement on Sunday.
The company’s revenues plunged to $9.372 million in 2019 from $14.135 million in the prior year.
It is noteworthy that during the first nine months of 2019, Naeem Holding for Investment suffered net losses of $2.4 million, versus net profits of $1.46 million in year-ago period.
Source: Mubasher
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