Prime Holding

Since its founding in 1992 as a privatization consulting office to the government of Egypt, Prime has successfully reinvented itself as a regional investment bank with a presence in major Arab markets. Prime Group provides innovative and outstanding financial services to corporations, institutions, governments, and individuals.
Financial Performance:
Prime Holding Co..s board report for H1 that ended in June 30, 2011 reflected a 43% drop in top line to EGP 12.6 million, compared with EGP 22.08 million in the year-ago period. Revenue from brokerage segment plunged 62% year-over-year from EGP 11.983 million to EGP 4.56 million. Revenue from investment banking slumped 71% from EGP 1.986 million to EGP 0.578 million. Prime incurred consolidated net losses of EGP 8.86 million for FY2011 vs. EGP 25.296 million a year earlier. Standalone figures for the same period reflected net earnings of EGP 1.117 million, against net losses of EGP 22.167 million in FY10.