Arab Moltaka's consolidated profit decreases 11.6% YoY in 6 months
Updated 8/14/2022 1:30:00 PM
Arab Finance: Arab Moltaka Investments Company (AMIA) posted an 11.57% year-on-year (YoY) drop in consolidated profit attributable to the parent company in the first half (H1) of 2022, recording EGP 66.49 million, according to the financial statements filed to the Egyptian Exchange (EGX) on August 14th.
Consolidated operating revenue increased to EGP 359.399 million in the January-June period from EGP 278.464 million in the corresponding period last year.
The company’s standalone net profit after tax reached EGP 68.375 million in the six-month period ended June 30th, down from EGP 73 million in the same period a year earlier.
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.
