Naeem Holding’s consolidated profits plunge 61.9% YoY in 2022: Egypt

Total revenues hit $13.320 million last year, down from $17.140 million a year earlier

Staff Writer, Arab Finance

March 2, 2023

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Naeem Holding (NAHO) reported consolidated net profits excluding minority interest of $597,223 in 2022, compared to $1.571 million in 2021, a drop of 61.99% year on year (YoY), according to financial statements filed to the Egyptian Exchange (EGX) on March 1st.

Total revenues hit $13.320 million last year, down from $17.140 million a year earlier.

The company posted a standalone net profit after tax of $1.169 million in 2022, compared to $398,171 in 2021, financial statements showed.

Established in 1997, Naeem Holding is engaged in the provision of investment banking services within Egypt and abroad.

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