Cairo – Mubasher: The consolidated net profits after tax of CI Capital Holding for Financial Investments reached EGP 329.74 million in the first quarter (Q1) of 2023, compared to EGP 171.72 million in Q1-22, including minority interest.
Operating revenues amounted to EGP 1.26 billion as of 31 March 2023, an annual leap from EGP 620.15 million, according to the interim income statements.
Standalone Financial Results
In the first three months (3M) of 2023, the EGX-listed firm posted a year-on-year (YoY) rise in standalone net profit after tax to EGP 351.14 million from EGP 245.30 million.
Non-consolidated revenues climbed to EGP 416.91 million during Q1-23 from EGP 314.45 million in Q1-22, while the earnings per share (EPS) increased to EGP 0.32 from EGP 0.22.
Key Appointments
CI Capital named Mohamed Mahmoud El-Etribi as the Chairman of the board. In addition, Mahmoud Fathi Atallah was announced as the Vice Chairman and Managing Director.
During the 12-month period that ended on 31 December 2022, the company’s consolidated revenues surged to EGP 3.88 billion from EGP 3.65 billion a year earlier.
