Daily News Egypt

B investments’ net revenues increase by 42% in 2018 - Daily News Egypt

Advertising Area



Advertising Area



B investments’ net revenues increase by 42% in 2018

Company’s share profit in portfolio companies grew due to strong performance of MNHD, Giza Systems, Ebtikar, Gourmet Egypt


B investments announced on Sunday that it recorded revenues worth EGP 245m in 2018, up from EGP 172m in 2017, an increase of 42.44%.

B investments explained that the revenues were mainly derived from dividend distributions and profits from portfolio companies, in addition to financial income.

Notably, B investments’ portfolio companies includes: The Gourmet Group, Giza Systems, Madinet Nasr for Housing and Development (MNHD), Total Egypt, Ebtikar for Financial Investment, Infinity Solar, and BĒARD.

“Total Egypt distributed dividends of EGP 26m, compared to EGP 22m during fiscal year (FY) 2017,

implying a growth in dividends of 16%,” according to B investments.

B Investments’ share profit in portfolio companies grew by 21% supported by their strong performance, specifically MNHD and Giza Systems as well as Ebtikar and Gourmet Egypt.

Noteworthy, MNHD’s net revenues grew by 15% year-over-year (y-o-y), reaching EGP 2.8bn in FY

2018, compared to EGP 2.4bn in FY 2017.

Meanwhile, Giza Systems’ revenues grew by 18% to reach EGP 2.4bn in 2018, compared to EGP 2.0bn in FY 2017.

Concerning the Gourmet Egypt revenues, it recorded EGP 375m in 2018.

In terms of the B investments’ earnings before taxes (EBT), it grew by 53 %, reaching EGP 209m in 2018, despite the increase in one off consultancy fees related to the company’s initial public offering.

Finally, B Investments recorded net income after tax and minority interest of EGP 194m during FY

2018, implying a growth of 46 %, compared to FY 2017.

Advertising Area


https://ww.dailynewssegypt.com/2019/03/31/b-investments-net-revenues-increase-by-42-in-2018/
Breaking News

No current breaking news

Receive our daily newsletter
Subscribe