Results revealed that company achieved net income margin of 79%
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The statement said that the transaction entails the acquisition of 40% of the share capital of Gourmet Group for cost of EGP 65m and a capital increase of up to EGP 60m, which will result in B Investments holding a 53% stake in Gourmet Group.
Hazem Barakat, chairperson of B Investments, announced in a press statement on Wednesday that B Investments’ net profits grew by 21%, reaching EGP 112m in the first half (H1) of 2018, with a net profit margin of 83%. “The increase can be attributed to our active investment strategy, which contributed to the strong performance of …
Company aims to use IPO proceedings in renewable energy, non-banking financial services