Cairo – Mubasher: Arabia Investments, Development and Financial Investment Holding Company (AIND) is targeting EGP 1.5 billion in revenues this year.

The Egypt-based company also seeks to generate profits of EGP 80 million in 2018, in addition to pretax operating income of more than EGP 200 million, Arabia Investments said in a filing to the Egyptian Exchange (EGX) on Monday.

During the full-year 2017, Arabia Investments narrowed its net loss to EGP 180.30 million, down from EGP 266.39 million a year earlier, including minority shareholders’ rights.

Additionally, the EGX-listed company’s revenues fell to EGP 1.39 billion last year, versus EGP 1.47 billion in 2016.