Saudi Egyptian Investment’s profits jump 145.5% YoY in Q1
Updated 5/19/2022 11:20:02 AM
Arab Finance: Saudi Egyptian Investment and Finance (SEIG) has reported a 145.47% year-on-year surge in net profit after tax for the first quarter (Q1) of 2022, according to the company’s financial indicators filed to the Egyptian Exchange (EGX) on May 19th.
Net profit after tax stood at EGP 8.18 million in Q1 2022, compared to a net profit of EGP 3.33 million in the same quarter of 2021.
Operating revenue amounted to EGP 10.40 million in the three-month period ended March 31st, growing by 147.45% from EGP 4.20 million in Q1 2021.
Saudi Egyptian Investment is an Egypt-based public shareholding company that is engaged in undertaking investment activities in different business sectors, as well as providing different financial services. The Company owns several investment stakes in different companies, funds and portfolios.
