Hazem Barakat, chairperson of B Investments, announced in a press statement on Wednesday that B Investments’ net profits grew by 21%, reaching EGP 112m in the first half (H1) of 2018, with a net profit margin of 83%.
“The increase can be attributed to our active investment strategy, which contributed to the strong performance of our portfolio companies,” he continued.
The company announced also that its revenues reached EGP 135m in H1 2018, compared to EGP 103m in the same period of 2017, which means a 32% y-o-y growth.
The growth in revenues is mainly attributed to the strong financial performance of portfolio companies.
Finally, “the earnings before tax grew by 25% to reach EGP 119m despite one-off consultancy fees of EGP 8m,” read the company’s press statement.