B Investments posts 1,384.5%YoY leap in Q1 consolidated profit
Updated 5/31/2023 11:29:00 AM
Arab Finance: B Investments Holding (BINV) posted a 1,384.49% year-on-year (YoY) increase in consolidated net profit attributable to the parent company for the first quarter (Q1) of 2023, according to the consolidated financial statement filed to the Egyptian Exchange (EGX) on May 31st.
Consolidated net profit attributable to the parent company stood at EGP 331.124 million in Q1 2023, up from EGP 22.305 million in the year-ago period.
Meanwhile, the company’s standalone net profit after tax rose to EGP 258.143 million in Q1 2023 from EGP 22.754 million in Q1 2022.
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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