ArabFinance: Barbary Investment Group (BIG) incurred a consolidated net loss before minority interest of EGP 551,816 in quarter one (Q1) 2021, according to the company’s financial statements filed to the Egyptian Exchange.

This marked a Year on Year (YoY) rise of 1.333% when compared to EGP 38,555 incurred in Q1 2020.

Standalone net loss reached EGP 186,005 in Q1 2021, a 91% decline from EGP 2.101 million posted in the prior-year period.

In July, BIG’s extraordinary general meeting approved issued and paid-in capital cut to EGP 15.082 million by split the stock to EGP 0.10 from EGP 0.20.

BIG is an Egypt-based holding company that provides automotive auto parts, products of the original equipment manufacturer, and aftermarket spare parts.

The company’s diversified portfolio includes establishing one-stop shops for automotive parts, strategic acquisitions of automotive brands, automotive dealerships, and manufacturing and assembly of related automotive factories.