Al Ahli for Investment achieves 32% profit increase
Updated 7/26/2020 2:24:00 PM
ArabFinance: Al Ahli for Investment and Development (AFDI) reported a 32% Year on Year rise in its consolidated net profit in Quarter one (Q1) of 2020, according to the company's July 26th financial statements filed to the Egyptian Exchange (EGX).
Consolidated net profit reached EGP 5,174,336 in Q1 2020, compared to EGP 3,929,709 posted in Q1 2019.
Nevertheless, standalone net loss stood at EGP 3,090,954 in Q1 2020, compared to EGP 1,739,978 incurred in Q1 2019.
In 2019, the company report consolidated income EGP 14.98 million, a 77% surge from EGP 8.46 million a year earlier.
Al Ahly for Investment is an Egypt-based company engaged in the provision of investment services within the Egyptian and regional capital markets. The Company offers its services through six segments of non banking operations, corporate finance, investment banking, research and analysis, capital markets, and asset management.
