Cmar reports 74.4% profit hike in 2021
Updated 3/1/2022 12:53:48 PM
ArabFinance: Egyptian Arabian Securities Brokerage (Cmar) (EASB) posted a 74.4% year-on-year (YoY) profit increase in 2021, according to financial statements filed to the Egyptian Exchange (EGX) on Tuesday.
The company’s net profit grew to EGP 12.033 million in the full year ended December 31st 2021, from EGP 6.899 million in 2020.
Revenue went up 32.56% to EGP 39.083 million in 2021, from EGP 29.483 million in 2020.
Cmar, formerly known as Egyptian American Company for Securities Brokerage, is an Egypt-based public shareholding company engaged in the provision of investment services.
The company 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.
