Arab Finance: El Ahli Investment and Development’s (AFDI) consolidated net profits after tax and non-controlling interest soared 326% year on year (YoY) in the first quarter (Q1) of 2023 to EGP 13.383 million, compared to EGP 3.141 million, the firm stated on July 31^st.

Consolidated revenues registered EGP 32.827 million in Q1 2023, up from EGP 22.381 million in Q1 2022.

In terms of standalone business, the company incurred net losses of EGP 3.879 million from January through March, inching up 0.6% from EGP 3.855 million in the same period a year earlier.

Meanwhile, standalone revenues went down to EGP 698,388 from EGP 833,540.

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