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Osool posts EGP 3.7m profit in 2014

Osool posts EGP 3.7m profit in 2014

Osool ESB Securities Brokerage posted EGP 3.7 million ($535 thousand) net profit for the fiscal year that ended on December 31, 2014, against EGP 552 thousand ($74.5 thousand) net loss in the fiscal year 2013.

FY14 revenues amounted to EGP 22 million, compared with EGP 10 million a year earlier.

Financial results for the first nine months of FY14 had shown EGP 3.4 million net profit, versus EGP 1.3 million net loss in the corresponding period in FY13.

Photo Credit: Arabianeye-Reuters