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Arab Finance – Al Ahly Development Company increases its profits at the end of the first quarter


Al Ahly Development Company increases its profits by the end of the first quarter

Arab Finance: Company announced Al Ahly Development and Investment (AFDI) About the consolidated and unconsolidated results of its business for the financial period ending on 03/31/2024, which showed achieving a net profit. assembly It amounted to 50.925 million pounds, compared to the company achieving a net profit of 13.382 million pounds during the same period of the previous year.

In the same context, the company achieved a net loss Independent For the financial period ending on 03/31/2024, it was estimated at approximately 5.234 million pounds, compared to a net loss amounting to 3.879 million pounds, during the comparative period of the previous fiscal year.

It is worth noting that the net profits or losses for the year are calculated according to the share of owners of the parent company.

The company was established in 1995 and its purpose is to form and manage securities portfolios, participate in establishing companies that issue securities, in risk capital activity, promoting and covering securities subscriptions, and direct investment fund management activity.

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