NAEEM Holding incurs EGP54.774M losses in 2019
Updated 3/2/2020 9:58:53 AM
ArabFinance: NAEEM Holding for Investment (NAHO) released its annual standalone financial results, reporting losses of EGP 54.774 million ($3.502 billion) in 2019.
In 2018, the company reported standalone losses of EGP 6.762 million ($432,010), according to the bourse filing.
NAEEM’s consolidated losses stood at EGP 96.107 million ($6.14 million) last year, against net profits of EGP 4.61 million ($294,425) in the prior year.
Comprehensive income amounted to EGP 15.046 million ($961,259) in 2019, compared to EGP 17.140 million ($1.095 million) a year earlier.
