Cairo – Mubasher: Arabia Investments, Development and Financial Investment Holding on Thursday announced turning a profit during the full-year 2018.
The Egyptian firm’s consolidated profit amounted to EGP 72.77 million last year, against losses of EGP 180.38 million in 2017, including minority shareholders’ rights, according to a filing to the Egyptian Exchange (EGX).
Meanwhile, revenues rose to EGP 1.4 billion in the January-December period of 2018, from EGP 1.39 billion in the prior year.
As for the standalone business, the company’s losses amounted to EGP 9.3 million in 2018, compared to EGP 443.2 million in 2017.
From January to September 2018, the Egyptian firm reported EGP 64.3 million in profits, versus a loss of EGP 142.8 million in the prior-year period, including minority shareholders’ rights.
