A Capital Holing achieves EGP 38.5M in consolidated net profits since inception
Updated 8/8/2023 10:25:00 AM
Arab Finance: A Capital Holding recorded consolidated net profits attributable to the parent company amounting to EGP 38.515 million since its inception on January 18th, 2023, until June 30th, according to the company’s financial statements on August 8th.
Consolidated revenues stood at EPG 283.085 million during the aforementioned period.
Regarding the standalone business, the firm registered net loss after tax of EGP 2.930 million.
No standalone revenues were reported since inception.
A Capital Holding is a demerged firm from Amer Group Holding (AMER).
On May 10th, the Financial Regulatory Authority (FRA) approved starting trading on A Capital Holding’s 902.789 million shares.
On December 19th, the extraordinary general meeting (EGM) of Amer Group approved the horizontal demerger of the company into two companies.
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