B Investments Holding’s profit jumps 66% during 2020

B Investments Holding’s consolidated net profits s soared by 66.2 percent year-on-year (YoY) to 287.9 million Egyptian pounds in 2020, compared to 173.23 million pounds a year earlier.

The losses of the minority interests reached  797,460 pounds last year, against profits of  524,259 pounds in 2019, the company said in a bourse disclosure on Wednesday.

In total, the company logged net profits of 287.1 million pounds in 2020, compared to 173.76 million pounds a year earlier.

While, the revenues rose to 370.26 million pounds last year from   230.6 million pounds in 2019.

As for standalone business, the company posted net profits of  222.66 million pounds in 2020, compared to  68.49 million pounds in 2019.

The board of directors proposed a cash dividend of EGP 1.25 per share or a total value of EGP 200 million for 2020.