Cairo – Mubasher: Pioneers Holding Company for Financial Investment achieved consolidated net profits of EGP 522.84 million in the first half (H1) of 2021, down by 34.7% year-on-year (YoY) from EGP 800.9 million, including minority shareholders' rights. 

The revenues rose to EGP 4.28 billion in the January-June period from EGP 3.57 billion in the prior-year period, the company said in a bourse disclosure on Tuesday. 

The standalone net profits plummeted to EGP 5.37 million in H1-21, compared to EGP 173.95 million in H1-20. 

During the first quarter (Q1) of 2021, Pioneers Holding Company recorded net profits of EGP 299.66 million, compared to EGP 271.27 million in Q1-20, including minority shareholders' rights.