Arab Finance: Odin Investments reported consolidated net profits after minority interest of EGP 17.759 million during the first half (H1) of the fiscal year (FY) 2023/2024, compared to a net loss of EGP 5.225 million, according to the company’s financial statement filed to the Egyptian Exchange (EGX) on February 6th.

The company recorded total consolidated revenues of EGP 54.132 million in the six-month period ended December 31st, up from EGP 5.810 million in the July-December period of 2022.

At the level of the standalone financial statement, the company registered net profits after tax amounting to EGP 7.912 million, versus a net loss of EGP 3.229 million in the year-ago period.

Established in 1984, the direct investment company attracts funds from Egyptians living abroad and invests them in ongoing development projects in the country with a focus on the sectors of industry, real estate, services, and finance. The company’s departments include investment banking, private equity, asset management, and venture capital.

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