Cairo – Mubasher: CI Capital Holding for Financial Investments achieved a year-on-year (YoY) leap in consolidated net profit to EGP 1.63 billion during the first nine months (9M) of 2024.
The recorded net profits were compared with EGP 771. 22 million, according to the consolidated financial results.
Total revenues hit EGP 7.15 billion as of 30 September 2024, higher than EGP 4.71 billion in 9M-23.
Standalone Financials
CI Capital generated EGP 574.12 million in net profit after tax during the January-September 2024 period, marking an annual rise from EGP 414.83 million.
Non-consolidated operating revenues shrank to EGP 469.78 million in 9M-24 from EGP 541.04 million a year earlier, while the earnings per share (EPS) surged to EGP 0.52 from EGP 0.37.
Financials for Q3-24
In the third quarter (Q3) of 2024, the group’s consolidated net profit amounted to EGP 311.87 million, up from EGP 239.22 million in Q3-23. Revenues jumped to EGP 2.15 billion from EGP 1.60 billion.
As for the standalone results, the EGX-listed firm turned profitable at EGP 90.19 million in Q3-24, against net losses valued at EGP 22.47 million in the year-ago period.
During the first half (H1) of 2024, CI Capital posted consolidated net profits worth EGP 1.31 billion, marking a jump from EGP 532 million in H1-23.
