Al Ahli for Investment reports lower profit in Q1 2021
Updated 7/12/2021 10:45:05 AM
ArabFinance: Al Ahli for Investment and Development posted a consolidated net profit before minority interest of EGP 5.109 million in quarter one (Q1) 2021, according to the company’s financial statements filed to the Egyptian Exchange.
This marked a Year on Year (YoY) decline of 11% when compared to EGP 5.739 million in Q1 2020.
Standalone net loss reached EGP 2.857 million in Q1 2021, a 7.5% decline from EGP 3.091 million incurred in Q1 2020.
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.
