Cairo – Mubasher: The consolidated financial results of Al Ahly for Development and Investment showed a 4.65% year-on-year profit decline during the first nine months of 2019.
Net profits fell to EGP 11.26 million in the nine-month period ended 30 September from EGP 11.8 million in the corresponding period a year earlier, including minority shareholders’ rights, the company said in a statement to the Egyptian Exchange (EGX) on Sunday.
Meanwhile, revenues went down to EGP 95.35 million in the January-September period, compared to EGP 108.17 million in the year-ago period.
As for standalone business, the company suffered net losses of EGP 3.25 million at the end of September, against net profits of EGP 5.4 million in the same period of 2018.
