Barbary Investment registers 30.7% YoY higher consolidated loss in Q1
Updated 7/17/2022 10:18:00 AM
Arab Finance: Barbary Investment Group (BIG) (BIGP) has reported a 30.68% year-on-year (YoY) increase in consolidated loss attributable to the parent company during the first quarter (Q1) of 2022, according to the financial statements filed to the Egyptian Exchange (EGX) on July 17th.
The company’s consolidated loss excluding minority interest grew to EGP 721,145 in Q1 2022 from EGP 551,816 in Q1 2021.
Operating revenue amounted to EGP 708,667 in the three-month period ended March 31st.
As for the standalone financial results, the company reported a net loss after tax of EGP 412,791 in Q1 2022, up from EGP 186,005 in the same quarter the year before.
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.
