Arab Finance: Marseilia Almasreia Alkhalegeya for Holding Investment turned to net losses attributable to the parent company of EGP 16.223 million in 2024, according to unaudited financial indicators.

The incurred net losses were reported against net profits amounting to EGP 56.267 million in 2023.

Basic loss per share hit EGP 0.080 last year, versus earnings per share (EPS) of EGP 0.240 at the end of 2023.

Revenues grew by 1.16% year on year (YoY) to EGP 245.709 million at the end of December 2024 from EGP 242.881 million.

As for the standalone business, the company’s net profits dropped by 75.14% YoY to EGP 12.653 million in 2024 from EGP 50.904 million.

Non-consolidated EPS shrank by 72.73% YoY to EGP 0.60 from EGP 0.220, while the revenues declined by 15.33% YoY to EGP 179.878 million from EGP 212.454 million.

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