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AIH sees higher profit in Q1

AIH sees higher profit in Q1

ArabFinance:  Arabia Investments Holding (AIH) reported a 22% Year on Year (YoY) increase in its consolidated net profit during the first quarter (Q1) in 2021, according to the company’s filing to the Egyptian Exchange.

Consolidated net profit registered EGP 14.94 million in Q1 2021, compared to EGP 12.23 million in Q1 2020.

The company’s standalone net loss reached EGP 42,617 in Q1 2021, compared to EGP 451,885 in the same period of the prior year.

In 2020, the company’s consolidated net profit leveled up 5.6% YoY to EGP 85.47 million.

AIH, formerly Arabia Investments Development Financial Investments Holding Company, is an Egypt-based company that invests in fields such as power, building materials, automotive, and oil and gas.

The company focuses on diversified development, offering infrastructure, construction, and industrial solutions.

 

 

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