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Naeem Holding reports lower losses in Q1-21

Naeem Holding reports lower losses in Q1-21
The company's revenues increased to $937,809
Naeem Holding
NAHO
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Mubasher: The net losses represented in the shareholders' equity of Naeem Holding for Investment decreased to $1.505 million in the first quarter (Q1) of 2021 from $1.665 million in the corresponding quarter of 2020, according to the company's consolidated financials for the period ended 31 March 2021.

The company's revenues increased to $937,809 in the first three months of 2021 from $830,259 in the same period of the earlier year.

Meanwhile, the company has incurred accumulated losses of $56.745 million, representing 21.46% of the capital, as of Q1-21.

It is noteworthy to mention that in 2020, the company suffered net losses of $1.38 million, down by 79.5% year-on-year (YoY) from $6.77 million.