EKH’s consolidated profits drop 10.31% YoY in H1
Updated 8/15/2024 9:33:00 AM
Arab Finance: Egyptian Kuwaiti Holding (EKH) has reported a 10.31% year-on-year (YoY) decline in consolidated profits excluding minority interest during the first half (H1) of 2023, registering $90.114 million, compared to $100.468 million, according to financial statements filed to the Egyptian Exchange (EGX) on August 15th.
Revenue dropped to $299.547 million in H1 2024 from $365.420 million in the same half a year earlier.
The company’s standalone net profit after tax rose to $15.659 million during the January-June period of this year from $91,920 million during the first six months of 2023.
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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