Cmar sees 21.19% profit increase
Updated 2/10/2021 12:07:00 PM
ArabFinance: Egyptian Arabian Securities Brokerage (Cmar) (EASB) posted a 21.19% Year on Year (YoY) jump in its net profit in 2020, according to the company’s unaudited financial statements filed to the Egyptian Exchange on February 10th.
Net profit stood at EGP 6.89 million in 2020, compared to EGP 5.69 million in 2019.
The listed company reported a 22% YoY decline in its net profit in the first half of 2020, recording EGP 2.86 million, compared to EGP 3.66 million in the same period a year before.
Cmar, formerly known Egyptian American Company for Securities Brokerage, is an Egypt-based public shareholding company engaged in the provision of investment services. The ؤompany operates a range of investment activities that include sale and purchase of securities, mediation in the purchase and sale of securities to investors in the Egyptian capital market and providing financial advice, e-trading, establishment and ownership transfer, provision of training sessions, and financial advisory services.
