Cairo – Mubasher: Prime Holding incurred consolidated net losses of EGP 11.36 million in the first quarter (Q1) of 2021, down by 35% year-on-year (YoY) from EGP 17.41 million, the unaudited financial results showed.

The revenues hiked to EGP 33.3 million in the January-March period, compared to EGP 3.11 million in the same period in 2020, the company said in a bourse disclosure on Monday.

The standalone financial results showed net losses of EGP 4.66 million in Q1-21, down from EGP 15.87 million in Q1-20.

In 2020, Prime Holding recorded consolidated net losses of EGP 24.5 million, up from EGP 11.63 million in 2019, excluding minority shareholders’ rights.