AIH’s consolidated profit shrinks 19.2% YoY in 6 months
Updated 8/14/2022 11:02:00 AM
Arab Finance: Arabia Investments Holding (AIH) posted a 19.2% year-on-year (YoY) decline in consolidated profit attributable to the parent company during the first six months of 2022, recording EGP 33.775 million, according to financial statements filed to the Egyptian Exchange (EGX) on August 14th.
The company’s consolidated operating revenue dropped to EGP 570.02 million in the January-June period from EGP 788.505 million in the same period a year earlier.
As for standalone financials, Arabia Investments reported a net profit after tax of EGP 37.009 million in the six months ended June 30th, compared to a net loss of EGP 1.096 million in the year-before period.
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.
