ArabFinance: Pioneers Holding (PIOH)  posted a consolidated net profit before minority interest of EGP 259.158 million in quarter one (Q1) 2021, according to the company’s financial statements filed to the Egyptian Exchange.

This marked a Year on Year (YoY) rise of 5% when compared to EGP 246.904 million in Q1 2020.

Standalone net profit reached EGP 6.146 million in Q1 2021, a 78% decline from EGP 28.379 million posted in the prior-year period.

Pioneers operates in the financial services and securities brokerage sector. The company is engaged in the provision of comprehensive financial services for both retail and institutional investors, including brokerage services covering public and private sectors in restructuring, mergers, issuing of equity and debt capital, and market research.