Arab Finance: B Investments Holding (BINV) posted a 169.3% year-on-year (YoY) increase in consolidated net profits attributable to the parent company in the first quarter (Q1) of 2024, hitting EGP 891.782 million, versus EGP 331.125 million, as per a disclosure.

Revenues amounted to EGP 230.052 million from January through March this year, up from EGP 64.508 million over the same period a year ago.

The company’s standalone net profits after tax hiked to EGP 700.596 million in Q1 2024, compared to EGP 258.144 million in Q1 2023.

Meanwhile, standalone revenues declined to EGP 39.253 million from EGP 251.525 million.

Established in 2006, B Investments is an Egypt-based private equity firm and growth capital investor that pulls a wealth of expertise to actively create value in its portfolio of companies.

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