Cairo – Mubasher: CI Capital Holding for Financial Investments posted consolidated net profits after tax worth EGP 532 million in the first half (H1) of 2023, versus EGP 366.36 million in H1-22, including minority shareholders’ rights.
The EGX-listed firm generated total revenues amounting to EGP 3.10 billion in January-June 2023, compared to EGP 1.53 billion in H1-22, according to the consolidated income statements.
Total assets hit EGP 26.98 billion as of 30 June 2023, higher than EGP 23.84 billion as of 31 December 2022.
Standalone Business
In the first six months (6M) of 2023, the standalone net profits after tax reached EGP 437.30 million, an annual surge from EGP 193.25 million.
Operating revenues climbed to EGP 538.62 million during H1-23 from EGP 324.13 million in the year-ago period, whereas the earnings per share (EPS) increased to EGP 0.39 from EGP 0.17.
Financials for Q2-23
During the second quarter (Q2) of 2023, the company witnessed a year-on-year (YoY) jump in consolidated net profit after tax to EGP 202.26 million, compared to EGP 194.64 million, including non-controlling equity.
Revenues hiked to EGP 1.49 billion in April-June 2023 from EGP 785.52 million during the same period a year earlier.
As for the standalone business, CI Capital turned profitable at EGP 86.16 million in Q2-23, against net losses valued at EGP 52.05 million in Q2-22.
Non-consolidated operating revenues enlarged to EGP 121.70 million in the three-month period that ended on 30 June 2023 from EGP 9.68 million a year earlier. Meanwhile, the EPS hit EGP 0.07, versus a loss per share of EGP 0.05.
During the January-March 2023 period, CI Capital recorded consolidated net profits after tax valued at EGP 329.74 million, compared to EGP 171.72 million in Q1-22, including minority interest.
