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Arabia Investment’s profits inch down in Q1

Arabia Investment’s profits inch down in Q1

ArabFinance: Arabia Investment, Development and Financial Investment Holding Company (AIND) announced Sunday, in a statement sent to EGX, the financial results for the fiscal period starting January 1, 2019, and ending March 31, 2019.

The company posted consolidated net profits of EGP 22 million in the first quarter of 2019, compared to EGP 23.99 million profits in the year-ago period.

Moreover, it posted standalone net losses of EGP 6.5 million in the three-month period of 2019, compared to EGP 2.87 million losses recorded in the year before. 

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