Cairo – Mubasher: The standalone net profits of B Investments Holding retreated by 44.5% year-on-year (YoY) to EGP 123.43 million in 2021, compared to EGP 222.66 million in 2020.

The company's revenues declined to EGP 174.83 million in 2021 from EGP 298.23 million in the earlier year, according to a bourse filing on Thursday.

Meanwhile, the board has recommended a cash dividend distribution of EGP 80 million for 2021.

It is noteworthy to mention that in the first half (H1) of 2021, the company reported net profits of EGP 72.51 million, down by 41% from EGP 122.93 million in the year-ago period, including minority shareholders' rights.