Arabia Investments Holding profits up 47% in 2Q2020

EARNINGS WATCH- AIH profits up 47% in 2Q2020: Arabia Investments Holding’s (AIH) net profits rose 47% to EGP 14 mn in 2Q2020, up from EGP 9.5 mn in the same period last year, according to a company earnings release (pdf). Revenues during the quarter increased to EGP 379 mn, up 9% from 2Q2019. Profits fell 28% y-o-y to EGP 23 mn during 1H2020, down from EGP 32 mn last year.