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Thursday, 10 May 2018

Earnings watch

EARNINGS WATCH- B Investments reports solid financial performance in FY2017: BPE Holding for Financial Investments reported a solid financial performance in FY2017, with consolidated net profits after tax for the year growing 152% y-o-y to EGP 133.2 mn. Consolidated revenues grew 58% y-o-y to EGP 171.6 mn, the company said in an earnings release on Wednesday (pdf).

Name change to B Investments sanctioned by OGM: The firm also announced that its ordinary general assembly officially approved changing the name of the company to B Investments.

EARNINGS WATCH- Beltone Financial reported a consolidated net profit of EGP 760,220 in 1Q2018, up from a consolidated net loss of EGP 8.049 mn during the same period last year, according to an EGX disclosure.

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