CI Capital records profit of LE 487.25M in 2018

CAIRO – 14 February 2018: Consolidated profit of CI Capital Holding hiked 77.7 percent during 2018, recording a net profit of LE 487.25 million, up from LE 274.19 million during 2017.

CI Capital's financial indicators revealed that revenues hiked to LE 2.5 billion in 2018, compared to LE 1.85 billion in 2017, and that total expenses reached LE 1.86 billion in 2018, up from LE 1.46 billion in the prior year.

As per standalone results, the company recorded net profit of LE 69.55 million, compared to LE 129.78 million during the prior year, with a decrease of 49.4 percent.

During the first nine months of 2018, CI Capital’s consolidated profits surged 139.5 percent, recording LE 346.06 million, taking into account minority rights, compared to LE 144.49 million during the same months of 2017.

The standalone results showed a 59 percent decline in the first nine months of 2018, reaching LE 35.25 million, compared to LE 86.42 million in the same months of 2017.

CI Capital is an investment bank in Egypt with market-leading investment banking, securities brokerage, asset management and research franchises.