Pioneers Holding posts profit decline in H1
Updated 8/31/2021 2:52:49 PM
ArabFinance: Pioneers Holding (PIOH) posted a consolidated net profit before minority interest of EGP 426.07 million in the first half (H1) of 2021, compared to a profit of EGP 712.83 million in the year-ago period, according to the company’s financial statements filed to the Egyptian Exchange (EGX).
Earning per share (EPS) stood at EGP 0.41 in H1 2021, compared to EGP 0.76 in H1 2020.
On the other hand, the company’s standalone net profit reached EGP 5.37 million in the six-month period ended June 30th,2021, compared to profits of EGP 173.95 million in H1 2020.
Pioneers Holding 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.
