Cairo – Mubasher: B Investments Holding posted consolidated net profits after tax amounting to EGP 553.97 million in the first half (H1) of 2023, versus EGP 60.45 million in H1-22, including non-controlling equity.
Revenues hiked to EGP 344.44 million in January-June 2023 from EGP 59.55 million during the same period in 2022, according to the income statements.
The basic earnings per share (EPS) stood at EGP 2.37 in H1-23, compared to EGP 0.38 a year earlier.
Standalone Business
During the first six months (6M) of 2023, the EGX-listed firm registered EGP 368.11 million in standalone net profit after tax, an annual leap from EGP 58.70 million.
Non-consolidated revenues hiked to EGP 412.07 million in H1-23 from EGP 57.64 million in H1-22, while the basic EPS climbed to EPG 2.27 from EPG 0.37.
Financial Results for Q2-23
In the second quarter (Q2) of 2023, the EGX-listed firm posted growth in consolidated net profit after tax to EGP 90.14 million, compared to EGP 38.15 million a year earlier, including minority interest.
The revenues climbed to EGP 279.94 million in April-June 2023 from EGP 44.74 million in Q2-22, while the EPS jumped to EGP 0.30 from EGP 0.24.
As for the standalone business, the net profits after tax enlarged to EGP 109.97 million in Q2-23 from EGP 35.95 million a year earlier, while the revenues jumped to EGP 160.55 million from EGP 42.39 million.
Regarding Q1-23 financials, B Investments generated consolidated net profits after tax valued at EGP 463.83 million, an annual surge from EGP 22.30 million, including minority shareholders’ rights.
