Al Arafa: Consolidated Net Profit Falls 3% In 9 Months

Al Arafa For Investment and Consultancies – (AIVC.CA) reported an 9-month consolidated profit of $6.3 million during the period from February 1^st till October 31^st , 3% lower than the profits of $6.5 million for the same period a year earlier.

Total long-term assets fell to EGP 200 million, compared to EGP 209 million. The working capital rose to EGP 112 million, compared to EGP 111 million.

Moreover, Al Arafa’s total investments declined to EGP 313 million, compared to EGP 321 million.

Meanwhile, the company reported a standalone profit of $3.06 million, compared to loss of $630 thousand during the same period a year earlier.