HomeGlobal EconomyArab Finance - 91.8% growth in Odin Investments’ profits during the first...

Arab Finance – 91.8% growth in Odin Investments’ profits during the first quarter


91.8% growth in Odin Investments’ profits during the first quarter

Arab Finance: Company announced Odin Financial Investments (ODIN), announced the results of its business during the period from 07/01/2024 to 09/30/2024, which showed achieving a net profit assembly It amounted to 28,030,924 pounds, compared to the company achieving a net profit of 14,610,242 pounds during the period from 07/01/2023 to 09/30/2023.

In the same context, the company achieved a net profit independent For the period from 07/01/2024 to 09/30/2024, it was estimated at approximately 14,908,494 pounds, compared to a net profit of 5,841,292 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.

About the consolidated and unconsolidated results of its operations for the period from 01/07/2023 to 30/06/2024It showed achieving a combined net profit of 160,119 million pounds, compared to a combined net profit of 9,564 million pounds for the same period of the previous year.

The results also showed for the period from 01/07/2023 to 30/06/2024Achieving an independent net profit of 139.871 million pounds, compared to an independent net profit of 203,821 pounds for the same period of the previous year.

The company was established in 1984. The company's purpose is to form and manage securities portfolios, promote and cover subscriptions, participate in establishing companies that issue securities and capital, or participate in increasing their risk capital, and manage investment funds.

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