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AIH reports profit increase in H1

AIH reports profit increase in H1

ArabFinance: Arabia Investments Holding (AIH) posted a consolidated net profit before minority interest of EGP 41.8 million in the first half (H1) of 2021, compared to profit of EGP 22.54 million in the year-ago period, according to the company’s financial statements.

The company generated operating revenues of EGP 788.50 million in the six-month period ended June 30th, up from EGP 591.56 million in H1 2020.

As per the standalone financial statement, the company incurred a net loss of EGP 1.09 million in H1 2021, down from losses of EGP 4.32 million in the prior-year period.

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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