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CI Capital Holding reports 13% lower profit in 9M

CI Capital Holding reports 13% lower profit in 9M
The company generated EGP 1.519 billion in revenue
CI Capital Holding
CICH
-0.21% 4.79 -0.01

Cairo – Mubasher: The consolidated financial statements of CI Capital Holding For Financial Investments showed net profits of EGP 330.77 million during the first nine months of 2020, down by 13% year-on-year (YoY) from EGP 381.06 million, including minority shareholders’ rights.

The company generated EGP 1.519 billion in revenue during the January-September period, compared to EGP 1.723 billion in the year-ago period, according to a bourse disclosure on Tuesday.

As for standalone business, CI Capital Holding achieved net profits of EGP 191.75 million in the first nine months of the year, up from EGP 94.39 million in the same period in 2019.

During the first half (H1) of 2020, the company’s net profits dropped to EGP 205.38 million from EGP 235.24 million in H1-19, including minority shareholders’ rights.