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).
