ArabFinance: Barbary Investment Group (BIG) (BIGP) has incurred a consolidated net loss after tax excluding minority shareholders’ interest of EGP 566,121 in the first nine months of 2021, down from EGP 3.44 million in the year-ago period, according to the financial statements filed to the Egyptian Exchange (EGX).

In the third quarter (Q3) of 2021, the company turned to profitability with a consolidated net profit after tax attributable to the parent company of EGP 289,935, versus a net loss of EGP 3.36 million in Q3 2020.

At the level of the standalone financial statement, the company suffered losses after tax of EGP 773,689 in the January-September period of 2021, versus a net loss of EGP 3.209 million in the year-ago period.

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.