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BIG profits up 32% in Q2

BIG profits up 32% in Q2
H1 net profit fell 81.52% - (Photo Credit: Reuters)
Barbary Investment Group
BIGP
-1.10% 0.18 -0.00

Cairo – Mubasher: Barbary Investment Group (BIGP) reported an increase in the second quarter’s profits and a decrease on the first six-month basis, according to a bourse filing.

Q2 net profit rose 32.3% year-over-year to EGP 1.29 million from EGP 976,640, the consolidated results revealed.

H1 net profit fell 81.52% year-over-year to EGP 234,930 from EGP 1.27 million, according to the consolidated results.

The standalone results revealed that the company deepened its losses 7.7 times to EGP 388,680 compared EGP 50,420 losses for the same period a year ago.