Arab Finance: Egyptian Kuwaiti Holding (EKH) (EKHO) posted a 4.3% year-on-year (YoY) uptick in consolidated net profits excluding non-controlling interest in the first quarter (Q1) of 2024, recording $62.614 million, compared to $60.024 million, as per a statement.

Revenues logged $180.285 million in the January-March period, compared to $215.016 million in the same period last year.

The company’s standalone net profits after tax jumped to $27.542 million in Q1 2024 from $17.644 million in Q1 2023.

Meanwhile, standalone operating revenues edged up to $17.443 million from $17.147 million.

Egyptian Kuwaiti Holding is an Egypt-based investment company with a diversified portfolio of investments in sectors, including fertilizers and petrochemicals, energy, insurance, manufacturing, information technology, transport, and infrastructure.

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