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Al Ahli Investment profits slide 49% in 2014

Al Ahli Investment profits slide 49% in 2014
Photo Credit: Arabianeye-Reuters

Al Ahli Development and Investment Co.’s profits for 2014 declined by around 49.4%, the company said in its consolidated financial statements for the fiscal year ended 31 December 2014.  

The statements showed net profits of EGP 3.9 million ($511,000) for 2014, compared with EGP 7.7 million ($1 million) for 2013.

Meanwhile, the company reported unconsolidated net profits of EGP 3.6 million for 2014, against EGP 756,300 the previous year.

The company's net profits stood at EGP 4.1 million in the first nine months of 2014.