Aspire Capital’s becomes profitable in Q1

Updated 6/10/2024 10:51:00 AM
Aspire Capital’s becomes profitable in Q1

Arab Finance: Aspire Capital Holding for Financial Investments (ASPI) has recorded a consolidated profit attributable to the parent company in the first quarter (Q1) of 2024 of EGP 8.403 million, versus net losses of EGP 268,944, according to the financial statements filed to the Egyptian Exchange (EGX) on June 10th.

Consolidated operating revenue grew to EGP 105.390 million in Q1 2024 from EGP 51.515 million in Q1 2023.

The company incurred a standalone net loss after tax of EGP 2.040 million in the three-month period ended March 31st, versus net profits of EGP 1.132 million in the same period a year earlier.

Aspire Capital Holding, formerly known as Pioneers Holding Company for Financial Investment, is an Egypt-based company that operates in the financial services sector.

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