Barbary Investment’s loss drops 50.4% in 2021

Updated 4/19/2022 1:04:04 PM

ArabFinanceBarbary Investment Group (BIG) (BIGP) reported a consolidated loss attributable to the parent company of EGP 1.96 million in 2021, down from EGP 3.954 million in 2020, according to a financial statement filed to the Egyptian Exchange (EGX) on Tuesday.

Operating revenue skyrocketed to EGP 11.102 million in the full year ended December 31st 2021, from EGP 753,913 the year before.

Meanwhile, the company’s standalone net loss after tax declined to EGP 1.925 million in 2021, from EGP 3.813 million in 2020, financial statements showed.

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.