B Investments profit hikes 53% in 9M

Cairo – Mubasher: B Investments Holdings on Thursday reported a 52.8% year-on-year rise in consolidated profits for the first nine months of 2018.

Net profit stood at EGP 147.84 million in the nine-month period ended September, compared to EGP 96.75 million in the year-ago period, including minority shareholders’ rights, the company said in a filing to the Egyptian Exchange (EGX).

Meanwhile, standalone profits grew to EGP 56.4 million in the January-September period from EGP 35.5 million in the prior-year period.

B Investments previously posted a 21% year-on-year rise in consolidated profits for the first half of 2018, registering EGP 112.07 million, versus to EGP 92.59 million in H1-17.

Mubasher Contribution Time: 15-Nov-2018 12:57 (GMT)
Mubasher Last Update Time: 15-Nov-2018 12:57 (GMT)