Naeem Holding incurs $2m losses in H1-21

Mubasher: The net losses represented in the shareholders' equity of Naeem Holding for Investment increased to $2.01 million in the first half (H1) of 2021, versus $1.85 million in the year-ago period, as per the company's consolidated interim financials for the period ended on 30 June 2021.

The company's revenues hiked to $4.517 million in the first six months of 2021, compared to $2.21 million in the corresponding period of 2020.

In the second quarter (Q2) of 2021, the company's net losses decreased to $504,510 from $187,435 in the same quarter of 2020.

Meanwhile, the company incurred accumulated losses of $52.211 million as of the second quarter (Q2) of 2021, representing 21.63% of the capital.

It is noteworthy to mention that during the first quarter (Q1) of 2021, the net losses represented in the shareholders' equity of Naeem Holding for Investment decreased to $1.505 million from $1.665 million in the corresponding quarter of 2020.

Mubasher Contribution Time: 11-Aug-2021 11:11 (GMT)
Mubasher Last Update Time: 11-Aug-2021 11:11 (GMT)