B Investments reported today its audited results for 1H18; posting consolidated Revenues of EGP 135 million, compared to EGP 103 million recorded in 1H17 implying a 32% Y-o-Y growth. The growth in Revenues is mainly attributed to the strong financial performance of portfolio companies.
Earnings Before Tax grew by 25% to reach EGP 119mn despite one-off consultancy fees of EGP 8mn.
“We are pleased to report solid financial results for the first half of 2018” said Hazem Barakat, Chairman of B Investments. “B Investments’ Net Profit grew by 21% reaching 112 million 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” added Mr. Barakat