Al Ahli for Investment posts higher consolidated profit in 9 months
Updated 11/29/2021 9:48:18 AM
ArabFinance: Al Ahli for Investment and Development (AFDI) recorded a consolidated net profit after tax attributable to the parent company of EGP 11.55 million during the first nine months of 2021, according to the company’s financial statements filed to the Egyptian Exchange (EGX).
This is compared to a consolidated net profit attributable to the parent company of EGP 1.38 million in the nine-month period ended September 30th, 2020.
In the third (Q3) quarter of 2021, the company turned to profitability, with a consolidated net profit attributable to the parent of EGP 575,606, versus a net loss of EGP 4.23 million in Q3 2020.
On the other hand, the company’s standalone net profit after tax during the first nine months of 2021 amounted to EGP 379,627, versus a net loss of EGP 6.20 million in the same period of 2020.
The company cut its standalone net loss after tax in Q3 2021 to EGP 2.76 million from EGP 5.88 million in Q3 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.
