Cairo – Mubasher: Naeem Holding on Thursday announced turning to profitability in the second quarter of 2017 year-on-year, according to a bourse filing.
Net profits amounted to $326,420 in Q1-17, versus losses of $2.84 million in Q2-16.
Revenues jumped %255 year-on-year to $3.46 million in Q2-17.
In the first half of 2017, the firm achieved profits of $465,490, versus losses of $2.55 million in H1-16.
Standalone profits reached $1.65 million in H1-17, compared to losses of $879,650 in H1-17.
Profits dropped 52.6% to $139,070 in Q1-17 from $293,600 in Q1-16.
