ArabFinance: Al Ahli for Investment and Development (AFDI) reported a 42% Year on Year decline in its consolidated net profit in the first half (H1) of 2020, according to the company’s August 30th financial statements filed to the Egyptian Exchange.
Consolidated net profit before minority interest stood at EGP 5,625,120 in H1 2020, compared to EGP 9,721,841 achieved in H1 2019.
Standalone net loss reached EGP 321,722 in H1 2020, against a net profit of EGP 166,747 in H1 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.
