El Kahera El Watania Investment’s consolidated profit drops 94.5% YoY in 2022
Updated 2/13/2023 9:37:00 AM
Arab Finance: El Kahera El Watania Investment reported an 94.5% year-on-year (YoY) decline in consolidated net profit after minority interest for 2022, according to the company’s consolidated financial statement filed to the Egyptian Exchange (EGX) on February 13th.
The company’s consolidated net profit attributable to the parent company fell to EGP 1.33 million in 2022 from EGP 24.40 million in 2021.
At the level of the standalone financial statement, the company has turned to loss, incurring EGP 1.356 million in 2022, versus net profits after tax of EGP 26.868 million a year earlier.
El Kahera El Watania Investment is an Egyptian joint stock company, incorporated in 1994. It is headquartered in Giza, and offers also portfolio management and investment in start-ups’ services
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