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B Investments Holdings’ profit edges down in 9M

B Investments Holdings’ profit edges down in 9M
Net profits inched down to EGP 142.74 million
B Investments Holdings
BINV
-1.65% 19.75 -0.33

Cairo – Mubasher: B Investments Holdings reported a slight decrease in its net profits for the first nine months of 2019, the company’s consolidated financial statement showed.

Net profits inched down to EGP 142.74 million in the nine-month period ended 30 September, compared to EGP 147.8 million in the year-ago period, including minority shareholders’ rights, the company said in a statement to the Egyptian Exchange (EGX) on Sunday.

Meanwhile, the company’s revenues increased to EGP 27.69 million at the end of September, compared to EGP 26.207 million in the corresponding period of 2018.  

As for the third quarter of the year, B Investments Holdings logged a net profit of EGP 37.4 million, up from EGP 35.7 million in Q3-18.

At the level of standalone financials for the January-September period, the EGX-listed firm’s net profits grew to EGP 63.5 million from EGP 56.42 million in the same period a year earlier.