Cairo – Mubasher: Arafa for Investment and Consultancies (AIVC) on Monday reported a 35.8% year-on-year rise in consolidated profits for the first half of 2018.
Net profit amounted to EGP 3.26 million in the six-month period ended June, versus EGP 2.4 million in the same period a year earlier, the company said in a statement to the Egyptian Exchange (EGX).
Revenues grew to EGP 117.96 million at the end of June, versus EGP 114.37 million in H1-17.
As for the standalone business, the company has turned profitable in H1-18 with EGP 3.48 million, against a net loss of EGP 531,900 in the year-ago period.
Arafa previously posted a net profit of EGP 1.88 million in the three-month ended April, versus EGP 2.6 million in the corresponding period of 2017.