Cairo – Mubasher: Naeem Holding earned $293,600 (EGP2.6 million) in the first quarter of 2016, against a net loss of $1.88 million (EGP16.8 million) for the year-ago quarter, the financial results indicated.
During the same period, its standalone profits declined 65.17% year-over-year to $1.03 million, from $2.96 million.
In 2015, the company reported consolidated net earnings of $1.49 million for 2015, versus losses of $3.9 million a year earlier.
