Orouba Securities shrinks losses by 90% ending 2016

Updated 3/7/2017 9:54:16 AM

ArabFinance: El Orouba Securities Brokerage (EOSB) announced in a statement sent to EGX, the Board of Directors was held on March 6.

The company's BoD approved unaudited financial results for the fiscal period ending December 2016, which revealed incurring net losses after taxes of LE401,786, versus net losses of LE4,207,320 a year earlier, representing 90% growth

Floatation of EGP had a positive impact of LE1,282,508 profits on fiscal year results.