Mubasher: The net losses represented in the shareholders' equity of Naeem Holding for Investment increased to $1.16 million during the first nine months of 2021 from $338,490 in the year-ago period, according to the company's consolidated financials for the nine-month period ended 30 September 2021.
The company's revenues jumped to $11.38 million in the January-September period of 2021, compared to $7.218 million in the corresponding period of 2020.
In the third quarter (Q3) of 2021, the company's net profits represented in the shareholders' equity decreased to $842,834, compared to $1.514 million in the year-ago period.
Meanwhile, the company has incurred accumulated losses of $56.368 million as of the third quarter (Q3) of 2021, representing 21.32% of the company's capital.
It is noteworthy to mention that during the first half (H1) of 2021, the company's net losses represented in the shareholders' equity increased to $2.01 million, versus $1.85 million in the year-ago period.