Cairo – Mubasher: The consolidated net profits of Pioneers Holding Company for Financial Investment declined by 12.3% year-on-year (YoY) to EGP 1.08 billion in 2020, compared to EGP 1.353 billion, including minority shareholders’ rights.
The company’s revenues slid to EGP 7.02 billion last year from EGP 9.39 billion in 2019, according to a bourse disclosure on Sunday.
As for standalone business, the company logged EGP 156.74 million in net profits in 2020, up from EGP 34.53 million a year earlier.
During the first nine months of 2020, Pioneers Holding Company reported net profits of EGP 867.12 million, down from EGP 1.23 billion in the corresponding period a year earlier, including minority shareholders’ rights.
