Arab Finance: Egyptian Kuwaiti Holding (EKH) has reported a 34.05% year-on-year (YoY) decline in consolidated profits excluding minority interest during the first nine months of 2023, registering $136.55 million, compared to $207.08 million, according to a disclosure on November 13^th.

Revenues dropped to $552.96 million in the nine-month period from $809.87 million in the same period a year earlier.

The company endured standalone net losses after tax of $16.34 million during the January-September period of this year, compared to net profits of $30.71 million during the first nine months of 2022.

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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