Arab Finance: Arab Moltaqa Investments Co. posted a 345.9% year-on-year climb in consolidated net profits after tax and non-controlling interest in the first quarter (Q1) of 2024 to EGP 32.241 million, compared to EGP 7.087 million, the firm stated.

Operating revenues rose to EGP 367.415 million in the three months to March 31st this year, up from EGP 267.643 million in the same period a year before.

On the other hand, the company’s standalone net profits after tax dropped to EGP 6.599 million in Q1 2024 from EGP 50.02 million in Q1 2023.

Meanwhile, total standalone operating revenues went down to EGP 15.626 million from EGP 62.761 million.

AMIC is an Egypt-based investment company that invests in a diversified range of economic sectors covering a broad spectrum, including industrial and agricultural investments, land reclamation and cultivation, livestock development, fisheries, real estate investments, pharmaceuticals, healthcare, and tourism.

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