Cairo – Mubasher: CI Capital Holding on Thursday reported a 77.7% year-on-year surge in consolidated profit for 2018.

Net profit amounted to EGP 487.25 million last year, versus EGP 274.19 million in 2017, the company said in a filing to the Egyptian Exchange (EGX).

Revenues rose to EGP 2.5 billion at the end of December from EGP 1.85 billion a year earlier.

On the other hand, the company’s total expenses recorded EGP 1.86 billion last year, versus EGP 1.46 billion in 2017.

At the level of standalone business, profits dropped to EGP 69.55 million in 2018, compared to EGP 129.77 million in 2017.

CI Capital previously posted reported a 140% year-on-year hike in consolidated profit for the first nine months of 2018 on the back of higher revenues.

Net profit amounted to EGP 340.06 million in the nine-month period ended September, versus EGP 144.4 million in the year-ago period.

Standalone profits retreated to EGP 35.2 million in the January-September period from EGP 86.4 million in the same period last year.