ArabFinance: Arab Moltaka Investments Company’s (AMIC) consolidated profits excluding minority interest surged to EGP 102.690 million in 2021, from EGP 97.936 million in 2020, according to consolidated financial statements filed to the Egyptian Exchange (EGX) on Tuesday.
The company’s operating revenue increased to EGP 588.286 million in the full year ended December 31st 2021, from EGP 552.987 million the year before.
Moreover, standalone net profits after taxes soared to EGP 83.639 million in 2021, from EGP 35.510 million in 2020, the company’s financial statements showed.
AMIC invests in a diversified range of economic sectors covering a broad spectrum including industrial and agricultural investments, land reclamation and cultivation, livestock development, fisheries, real estate investments, and tourism.