Cairo – Mubasher: B Investments Holding posted higher consolidated net profits after tax at EGP 1.61 billion in the first nine months (9M) of 2024, compared to EGP 619.44 million in 9M-23.
The company posted revenues worth EGP 969.55 million as of 30 September 2024, up year-on-year (YoY) from EGP 448.82 million, according to the consolidated financial results.
Basic and diluted earnings per share (EPS) grew to EGP 6.79 in 9M-24 from EGP 2.72 a year earlier.
Standalone Results
Non-consolidated net profit after tax hit EGP 865.49 million in January-September 2024, an annual surge from EGP 463.58 million.
Revenues widened to EGP 257.70 million in 9M-24 from EGP 542.47 million in the year-ago period, while the EPS climbed to EGP 4.15 from EGP 2.83.
Financials for Q3-24
In the third quarter (Q3) of 2024, the EGX-listed group recorded consolidated net profits valued at EGP 342.18 million, compared to EGP 65.47 million in Q3-23.
During the July- September 2024 period, the revenues hiked to EGP 394 million from EGP 104.37 million in Q3-23, while the basic and diluted EPS jumped to EGP 1.25 from EGP 0.39.
In Q1-24, the net profits attributable to the shareholders recorded YoY growth to EGP 891.78 million, compared to EGP 331.12 million.
