Prime Holdings 9-Month Consolidated Net Profit Hit EGP 2.8 Mln

Prime Holdings and Investments (PRMH.CA) reported on Wednesday a net profit of EGP 2.844 million during the first nine months of 2012, compared to a net loss of EGP 5.802 million  posted a year earlier.

The management fees hiked during the nine months of 2012 to EGP 7.629 million, opposed to EGP 4.434 million a year earlier. Brokerage commission also rose to EGP 5.825 million, compared to EGP 4.302 million a year earlier.

Prime’s total revenues for the nine months went up to EGP 24.412 million, compared to EGP 13.757 million a year earlier.

Earnings per share for the first nine months of 2012 have hit EGP 0.041, compared to losses per share of EGP 0.083 a year earlier.

Meanwhile, Prime Holdings’ 9-month standalone net profit has reached EGP 5.613 million, compared to EGP 807.069 million a year earlier.