Cairo – Mubasher: Prime Holding is targeting consolidated profits of about EGP 38.17 million in its estimated 2018 budget scheme.
The EGX-listed company is seeking to generate standalone profits of EGP 7.2 million in 2018, Prime holding added in a filing to the Egyptian Exchange (EGX) on Wednesday.
Given that Prime Holding’s net profit stood at EGP 8.9 million in the three months ended September 2017, against losses of EGP 328,400 in the prior-year period.
Additionally, revenues surged to EGP 21.6 million in the third quarter of 2017 from EGP 8.03 million in Q3-16.
