Prime Holding’s consolidated loss widens in 9 months
Updated 11/2/2022 9:56:00 AM
Arab Finance: Prime Holding (PRMH) posted a 39.07% year-on-year (YoY) increase in consolidated loss attributable to the parent company during the first nine months of 2022, according to financial statements filed to the Egyptian Exchange (EGX) on Wednesday.
The company’s consolidated loss excluding minority interest surged to EGP 48.344 million in the January-September period from EGP 34.762 million a year earlier.
Consolidated revenues dropped to EGP 69.282 million in nine months to September 30th from EGP 80.746 million the year before.
Moreover, the company reported a standalone net loss after tax of EGP 144.942 million in the first nine months of the year, up from EGP 10.298 million during the same period last year.
Prime Holding is an EGX-listed company, which provides investments and financial services for corporations, institutions, government entities, and individuals within Egypt and abroad.
