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Prime Holding FY13 profit rises 32% to EGP5 mln

Prime Holding FY13 profit rises 32% to EGP5 mln
Prime Holding
PRMH
-5.71% 0.66 -0.04
Prime Holding posted EGP 5.09 million consolidated net profit for FY13, with 31.7% growth compared with EGP 3.86 million net profit a year earlier.
Meanwhile, standalone net profit amounted to EGP 8.03 million, compared with EGP 6.5 million net profit in FY12.
The company’s board had previously ratified unaudited consolidated and non-consolidated financial results for the fiscal period that ended on September 30, 2013. Consolidated financial results showed EGP 216.019 thousand net loss, against EGP 2.844 million net profit in the year-ago period. Meanwhile, standalone financial results for the same period mirrored EGP 5.130 million net profit, compared with EGP 5.613 million net profit in the year-ago period.