Cairo – Mubasher: BPE Holding For Financial Investments on Wednesday reported a 21% year-on-year rise in consolidated profits for the first half of 2018.

Net profit stood at EGP 112.07 million in the six-month period ended June, compared to EGP 92.59 million in H1-17, including minority shareholders’ rights, the company said in a filing to the Egyptian Exchange (EGX).

Meanwhile, standalone profits shrank to EGP 44.2 million in H1-18, versus EGP 32.7 million in the year-ago period.

BPE Holding previously posted a 38.8% year-on-year decline in consolidated profits for the Q1-18, recording a net profit of EGP 33.5 million from EGP 54.84 million, including minority shareholders’ rights.