Cairo – Mubasher: Porto Group Holding turned to consolidated net profits of EGP 71.79 million in the first half (H1) of 2021, versus net losses of EGP 24.7 million in the year-ago period, including minority shareholders' rights.
The revenues hiked to EGP 715.16 million in the January-June period from EGP 335.8 million in the corresponding period in 2020, the company said in a bourse disclosure on Monday.
Meanwhile, the standalone financial results showed net losses of EGP 12.08 million in H1-21, compared to EGP 6.48 million in H1-20.
During the first quarter (Q1) of 2021, Porto Group Holding achieved consolidated net profits of EGP 18.85 million, against net losses of EGP 16.34 million in the same period of 2020.
