Themar Narrows H1 Losses To EGP 255 K

Egyptian Arabian Company (Themar) for Securities Brokerage (EAC) reported net losses of EGP 255.207 thousand during the first half of 2012, 94% down. A year earlier, EAC had posted net losses of EGP 4.132 million.

Total revenues for H1/2012 rose to EGP 5.837 million, compared to EGP 5.022 million during H1/2011.

Worth mentioning, the total revenues include EGP 2.3 million securities buying commissions and EGP 2.2 million for the selling commissions.

Operation losses – after excluding total expenses – have reached EGP 1.209 million, compared to EGP 4.602 million during H1/2011.

Basic losses per share have amounted to EGP 0.004 through H1/2012, compared to EGP 0.066 during H1/2011.

The company was founded in October 1995 as an Egyptian joint stock company subject to the provisions of Law 230 of 1989, and 95 of 1992.