The consolidated financial statements of Arabia Investments Holding Company
revealed a 32.6% year-on-year decline in profits during the first half of 2019.
The profits of the period slumped to EGP 31.6 million in H1-19 from EGP 46.9 million in H1-18, including minority shareholders’ rights, the company disclosed to the Egyptian Exchange (EGX) on Wednesday.
The company’s revenues shrank to EGP 715.9 million in H1-19 from EGP 744.6 million in H1-18.
Arabia Investments’ standalone profits amounted to around EGP 970,100 in H1-19, against EGP 4.6 million losses in H1-18.
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