HomeGlobal EconomyArab Finance - Grand Investment turns profitable during the first quarter

Arab Finance – Grand Investment turns profitable during the first quarter


Grand Investment turns profitable during the first quarter

Arab Finance: She declared Grand Investment Holding Company (GRCA)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 2,402,123 pounds, compared to the company achieving net losses amounting to 883,418 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 333,345 pounds, compared to a net profit of 34,137 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.

On the results of its consolidated and unconsolidated operations for the financial period ending on 06/30/2024, it showed achieving a net loss. Collected It amounted to 984,127 pounds, compared to the company achieving a combined net profit of 1.248 million pounds during the same period of the previous year.

In the same context, the company achieved a net loss Independent It was estimated at approximately 106,630 pounds, compared to an independent net loss of 200,781 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 2007 for the purpose of participating in the establishment of companies that issue securities or increasing their capital and practicing the activity of custodians. It is the parent company of Grand Investment Company for Securities Trading, which engages in securities brokerage activity. It also owns Grand Investment Company for Trading for the purpose of import, export and commercial agencies.

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