Naeem Holding turns profitable in 2021

Mubasher: Naeem Holding for Investment turned to consolidated net profits after tax worth $4.70 million in 2021, against net losses of $349,575 a year earlier.

Shareholders' equity of the parent company indicated profits of $1.57 million last year, versus losses worth $1.38 million in 2020, according to a recent bourse disclosure.

The company's total revenues jumped to $17.14 million in 2021, compared to $8.87 million in the prior year.

During the first nine months (9M) of 2021, the shareholders’ equity of the holding company showed losses of $1.16 million.

It is worth noting that Naeem Holding is listed on both the Egyptian Exchange (EGX) and Dubai Financial Market (DFM).

Mubasher Contribution Time: 03-Mar-2022 17:12 (GMT)
Mubasher Last Update Time: 03-Mar-2022 17:12 (GMT)