Al Orouba Securities’ losses narrow 71.19% YoY in Q1

Updated 5/30/2023 10:24:00 AM
Al Orouba Securities’ losses narrow 71.19% YoY in Q1

Arab Finance: Al Orouba Securities Brokerage Company (EOSB) has reported 71.19% year-on-year (YoY) lower losses during the first quarter (Q1) of 2023, according to a filing to the Egyptian Exchange (EGX) on May 30th.

The company has incurred a net loss after tax of EGP 364,273 in Q1 2022, versus a net profit of EGP 1.264 million in Q1 2022.

Revenue dropped to EGP 629,457 in the three-month period ended March 31st from EGP 959,457 in the same period a year earlier.

Established in 1987 and listed on EGX in 2008, Al Orouba operates within the diversified financial sector, focusing on investment banking and brokerage.

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