CI Capital reports net profit of EGP 81.9 mn

EARNINGS WATCH- CI Capital reported a net profit after tax and minority interest of EGP 81.9 mn in 1Q2018, up 35% y-o-y, the company reported in its first earnings release since going public last month (pdf). Total revenues for the quarter jumped 34% y-o-y to EGP 542.1 mn. In comment on the firm’s maiden earnings, Group CEO Mahmoud Attallah noted that the CI is “clearly seeing signs” of an economic recovery that leaves it optimistic about its outlook for the rest of the year.