ArabFinance: Egyptian Arabian Securities Brokerage (Cmar) (EASB) posted a 31.38% year-on-year decline in net profit after tax during the first nine months of 2022, according to the financial statements filed to the Egyptian Exchange (EGX) on November 15th.

The company’s net profit after tax declined to EGP 7.661 million in January-September from EGP 11.164 million in the same period a year earlier.

Revenue shrank to EGP 11.129 million in the nine months to September 30th from EGP 21.953 million in the same period last year.

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.