Barbary Investment widens consolidated loss by 36.8% YoY in H1
Updated 9/7/2022 12:16:58 PM
Arab Finance: Barbary Investment Group (BIG) (BIGP) reported a 36.8% year-on-year (YoY) increase in consolidated loss attributable to the parent company during the first half (H1) of 2022, according to the consolidated financial statement filed to the Egyptian Exchange (EGX) on September 7th.
The company’s consolidated loss after minority interest rose to EGP 1.19 million in H1 2022 from EGP 870,545 in H1 2021.
Consolidated operating revenue fell to EGP 2.48 million in the six-month period ended June 30th from EGP 3.41 million in the year-ago period.
As for the standalone financial statement, the company suffered a net loss after tax of EGP 625,575 in H1 2022, up from EGP 483,416 in the same period last year.
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.
