Cairo – Mubasher: The consolidated net profits of B Investments Holding plunged to EGP 22.30 million in the first quarter (Q1) of 2022, compared to EGP 50.62 million in the year-ago period, including minority shareholders' rights.

The company generated revenues of EGP 14.81 million in the January-March period of 2022, down from EGP 61.29 million in the same period of 2021, according to a bourse filing on Tuesday.

As for the standalone businesses, the company's net profits increased to EGP 22.75 million in Q1-22 from EGP 11.13 million in Q1-21.

It is noteworthy to mention that in 2021, the standalone net profits of B Investments Holding retreated by 44.5% to EGP 123.43 million, compared to EGP 222.66 million in 2020.