ODIN Investments’ consolidated losses climb 142.7% YoY in Q1
Updated 5/26/2022 11:18:05 AM
Arab Finance: ODIN Investments (ODIN) posted a 142.7% year-on-year (YoY) hike in consolidated net losses for the first quarter (Q1) of 2022, according to the company’s consolidated financial statement filed to the Egyptian Exchange (EGX) on May 26th.
The company incurred a consolidated net loss attributable to the parent company of EGP 2.18 million in Q1 2022, versus a net loss of EGP 898,207 in Q1 2021.
Total revenues amounted to EGP 1.79 million in the first three months of the year, down from EGP 2.84 million in the same period last year.
As per the company’s standalone financial statement, the company turned to losses in Q1 2022, suffering a standalone net loss of EGP 1.49 million, compared a profit of EGP 47,330 in Q1 2021.
ODIN is an Egypt-based leading investment company, with a diversified experience in general investment, particularly the real estate and the financial services sectors.
