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B Investments Holding's profit slides 41% in H1-21

B Investments Holding's profit slides 41% in H1-21
The company's revenues declined to EGP 98.93 million
B Investments Holdings
BINV
-4.45% 18.26 -0.85

Cairo – MubasherB Investments Holding reported net profits of EGP 72.51 million in the first half (H1) of 2021, down by 41% year-on-year (YoY) from EGP 122.93 million, including minority shareholders' rights. 

The company's revenues declined to EGP 98.93 million in the six-month period ended 30 June from EGP 147.5 million in the prior-year period, according to a bourse disclosure on Monday. 

During the first quarter (Q1) of 2021, the company achieved net profits of EGP 50.62 million, up from EGP 37.6 million in Q1-20, including minority shareholders' rights.