CI Capital records profits of LE 235.24M in 1st half of 2019

CAIRO – 31 July 2018: CI Capital Holding recorded consolidated profits of LE 235.24 million during the first half of 2019, compared to LE 169.67 million including minority rights during the same half of 2018, marking an increase of 38.64 percent.

CI Capital's financial indicators revealed that revenues hiked to LE 577.44 million during six months ended in June 2019, compared to LE 425.64 million in the same six months of 2018, and that total expenses reached LE 235.24 million during the period of 2019, up from LE 76.32 million in the period of prior year.

As per standalone results, the company’s net profits surged 203.14 percent during the first half of 2019 recording LE 84.03 million, compared to LE 27.72 million during the period of 2018.

During the second quarter of 2019, the company accomplished net profits 112.28 million, compared to 76.32 million during the same three months of 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. 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.

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