Arab Finance: Egyptian Kuwaiti Holding (EKH) has reported a 15.53% year-on-year (YoY) decline in consolidated profits excluding minority interest during the first quarter (Q1) of 2023, registering $60.023 million, compared to $71.056 million, according to financial statements filed to the Egyptian Exchange (EGX) on May 15^th.

Revenue dropped to $215.016 million in Q1 2023, from $274.499 million in the same quarter a year earlier.

The company’s standalone net profit after tax rose to $17.644 million during the January-March period of this year, from $12.429 million during the first three months of 2022.

Egyptian Kuwaiti Holding is an Egypt-based investment company with a diversified portfolio of investments in sectors, including fertilizers and petrochemicals, energy, insurance, manufacturing, information technology, transport, and infrastructure.

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