Arab Finance: Arab Moltaka Investments Company (AMIA) reported a 7.12% year-on-year (YoY) decline in standalone profit during the first nine months of 2022, according to the financial statement filed to the Egyptian Exchange (EGX) on November 15th.

The company’s standalone net profit after tax declined to EGP 74.018 million in January-September from EGP 79.695 million in the same period a year earlier.

Total operating revenue edged up to EGP 106.206 million in the nine months to September 30th from EGP 106.15 million in the corresponding period of 2021.

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.