Cairo – Mubasher: Gadwa for Industrial Development has logged consolidated net profits after tax worth EGP 158.36 during the September 2021-March 2022 period.
The company’s revenues amounted to EGP 2.86 billion since its inception on 5 September 2021 until 31 March this year, according to a bourse filing on Sunday.
In addition, the earnings per share (EPS) stood at EGP 0.11 during the mentioned seven months (7M).
As for the standalone business, the listed firm incurred net losses of EGP 5.31 million in the seven-month period. The loss per share was EGP 0.005.
It is worth noting that last October, the Egyptian Exchange (EGX) granted its green light to list the shares of Gadwa after the demerger process of Pioneers Holding Company for Financial Investment, currently known as Aspire Capital Holding for Financial Investments.
