Arab Finance: Arab Moltaqa Investments Co reported a 28.08% year-on-year decline in consolidated net profits after tax for the first nine months of 2023, according to the financial statement filed to the Egyptian Exchange (EGX) on November 15^th.

Consolidated net profits hit EGP 87.523 million from January through September, compared to EGP 121.701 million in the corresponding period of last year.

Revenues rose to EGP 834.126 million in the nine months to September 30^th of the current year, up from EGP 470.507 million in the same period of 2022.

Moreover, the company’s standalone net profits after tax stood at EGP 61.844 million in the first nine months of 2023, down from 74.018 million in the same year-ago period.

AMIC is an Egypt-based investment company that invests in a diversified range of economic sectors covering a broad spectrum, including industrial and agricultural investments, land reclamation and cultivation, livestock development, fisheries, real estate investments, pharmaceutical, healthcare, and tourism.

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