Arab Finance: Company announced ASEC Mining – ASCOM (ASCM)According to APM Investment Holdings BVI, which is wholly owned, it received 50% of the installment due during the month of September 2024 for the sale of its share in the Karmak project. statement Egyptian Stock Exchange
APM Investment sold its share of about 35% of the Karmak gold exploration and prospecting project in Ethiopia to the Canadian company Allied Gold Corp, noting that its subsidiary received 5.75 million shares from the Canadian company, which represents 50% of the installment due last September. .
The results of its business during the period from 01/01/2024 to 03/31/2024 showed achieving net losses. assembly It amounted to 27,898,404 pounds, compared to the company achieving a net profit of 39,127,085 pounds during the period from 01/01/2023 to 03/31/2023.
In the same context, the company achieved net losses independent For the period from 01/01/2024 to 03/31/2024, it was estimated at approximately 59,999,482 pounds, compared to a net profit of 6,315,980 pounds, during the comparative period of the previous fiscal year.
It is worth noting that the net profits or losses for the year are calculated according to the share of owners of the parent company.
The company was established in 1999, working in the field of mining and producing calcium carbonate, sand glass, gravel, gypsum, silica, kaolin, limestone, and other related minerals. The company also works in prospecting for gold, copper and silver. Provides geological surveys, quarry management and blasting services, manufactures and maintains mining machinery, manufactures glass rock insulation materials.
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