Atlas for Investment records EGP 355,383 standalone profit in Q1

Updated 5/19/2022 11:55:09 AM

ArabFinanceAtlas for Investment and Food Industries (AIFI) has achieved a net profit after tax of EGP 355,383 for the first quarter (Q1) of 2022, versus a net loss of EGP 1.18 million in Q1 2021, according to the company’s unaudited standalone income statement filed to the Egyptian Exchange (EGX) on May 19th.

The company has generated revenues of EGP 1.38 million in Q1 2022, growing from EGP 12,980 in Q1 2021.

Atlas, established in 1997 and listed in 2012, has four subsidiaries focusing on real estate, farm development, and agricultural processing.