Al Ahli for Investment’s profit leaps 77% in 2019
Updated 5/19/2020 9:50:35 AM
ArabFinance: The consolidated income statement of Al Ahli for Investment and Development (AFDI) showed a 77% year on year surge in net profit during fiscal year (FY) 2019, according to a disclosure to the EGX.
Earnings soared to EGP 14.98 million in FY 2019 from EGP 8.46 million a year earlier.
As for the standalone financials, Al Ahli for Investment turned to a loss of EGP 4.54 million in FY 2019, against a net profit of EGP 703,714 in FY 2018.
During the first nine months of 2019, the company achieved a consolidated net profit of EGP 11.26 million.
