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.
Noteworthy, in the first quarter of 2019, the company’s net profits declined to EGP 22.13 million from EGP 23.99 million in Q1-18.
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