ArabFinance:  Atlas for Investment (AIFI) posted a consolidated net profit of EGP 389,484 in the first half (H1) of 2020, according to the company’s August 27th financial statements filed to the Egyptian Exchange.

In H1 2019, the company incurred a net loss of EGP 1,997,744.

Standalone net profit reached EGP 314,920 in H1 2020, against a net loss of EGP 429,436 posted in H1 2019.

Earlier, the company decided to split the par value of its share from EGP 10 to EGP 1 with maintaining the issued and paid-up capital unchanged at EGP 65,128,540.

Atlas was established in 1997 and listed in 2012. It is a parent for another four companies focusing on real estate, farm development, and agricultural processing with a registered capital of EGP 60 million.