Cairo – Mubasher: Arabia Investments Holding achieved consolidated net profits after tax, including minority interest, worth EGP 15 million during the first quarter (Q1) of 2021, higher by 62.6% than EGP 9.22 million in Q1-20.

Earnings per share stood at EGP 0.111 in Q1-21, compared to EGP 0.0093 in Q1-20, according to a bourse disclosure on Tuesday.

Revenues totalled EGP 336.17 million in the first three months of 2021, an increase of 55% compared to EGP 216.62 million in the same period last year.

As for the standalone income statements, Arabia Investments posted a decrease of 90.5% in net losses after tax to EGP 42,617 in Q1-21 from EGP 451,885 in Q1-20.

Revenues meanwhile grew 17% to EGP 4.5 million in the January-March 2021 period from EGP 3.84 million in the prior-year period.

The company had posted EGP 85.47 million worth of consolidated net profits before minority shareholders’ rights in 2020, up by 5.6% from EGP 80.93 million in 2019.