AIH’s consolidated profit soars 114.8% YoY in Q1
Updated 5/31/2022 1:48:00 PM
Arab Finance: Arabia Investments Holding (AIH) reported a 141.78% year-on-year (YoY) surge in consolidated net profit attributable to the holding company for the first quarter (Q1) of 2022, according to the consolidated financial statement filed to the Egyptian Exchange (EGX) on May 31st.
Consolidated net profit excluding minority interest stood at EGP 36.12 million in Q1 2022, compared to EGP 14.94 million in Q1 2021.
At the level of the standalone financial statement, the company has turned profitable in Q1 2022, with a net profit after tax of EGP 42.53 million, compared to a net loss of EGP 42,617 in the same quarter a year earlier.
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.
