EARNINGS WATCH- B Investments reported a net profit after tax of EGP 33.5 mn in 1Q2018, down from EGP 54.9 mn during the same period last year, according to an EGX filing (pdf). Net revenues for the quarter also dropped to EGP 42.6 mn, from EGP 59.8 mn in 1Q2017. The drop in net profits came as a result delayed dividends payments from key investments. The firm’s inaugural earnings release since going public was just out earlier this month, showing net profit growth of 152% y-o-y to EGP 133.2 mn in FY2017.

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