Arabia Investments Holding’s consolidated profits dip 62.41% YoY in H1
Updated 8/14/2024 9:37:00 AM
Arab Finance: Arabia Investments Holding’s (AIH) consolidated net profits after tax and non-controlling interest dropped 62.41% year on year (YoY) to EGP 8.200 million in the first six months of 2024, compared to EGP 21.816 million, a filing showed on August 14th.
Consolidated revenues increased to EGP 690.965 million from EGP 604.277 million.
In terms of standalone business, the firm’s net losses after tax hit EGP 3.023 million in the January-September period of 2024, versus net profits of EGP 113,404 in the same period of the year prior.
AIH, formerly Arabia Investments Development Financial Investments Holding Company, is an Egypt-based company that invests in fields such as power, building materials, automotive, and oil and gas.
The company focuses on diversified development, offering infrastructure, construction, and industrial solutions.
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