Al Orouba Securities’ losses narrow 68.5% YoY in H1: Egypt

The company has incurred a net loss after tax of EGP 748,244 in H1 2023, compared to EGP 2.375 million in H1 2022

Staff Writer, Arab Finance

August 11, 2023

PHOTO

Al Orouba Securities Brokerage Company (EOSB) has reported 68.5% year-on-year (YoY) lower losses during the first half (H1) of 2023, according to a filing to the Egyptian Exchange (EGX) on August 10th.

The company has incurred a net loss after tax of EGP 748,244 in H1 2023, compared to EGP 2.375 million in H1 2022.

Revenue dropped 28.26% YoY to EGP 989,975 in the six-month period ended June 30th from EGP 1.379 million in the same period a year earlier.

Established in 1987 and listed on EGX in 2008, Al Orouba operates within the diversified financial sector, focusing on investment banking and brokerage.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

ZAWYA NEWSLETTERS

RELATED ARTICLES

ZAWYA NEWSLETTERS

LATEST VIDEO