Egypt: ICID’s consolidated profits jump 141.6% YoY in 2024

$This picture taken on November 1, 2022 shows a view of the skyline of Egypt\\'s capital Cairo, showing the landmark Cairo Tower (2nd-L) built in 1961, the Cairo Opera House (3rd-L below), the high-rise building used as the headquarters of the foreign ministry (C), the Egyptian Radio and Television Union headquarters building (3rd-R), and the Sofitel (2nd-R) and Ramses Hilton (R) hotel buildings. (Photo by Amir MAKAR / AFP) Image used for illustrative purpose.$

$This picture taken on November 1, 2022 shows a view of the skyline of Egypt\\'s capital Cairo, showing the landmark Cairo Tower (2nd-L) built in 1961, the Cairo Opera House (3rd-L below), the high-rise building used as the headquarters of the foreign ministry (C), the Egyptian Radio and Television Union headquarters building (3rd-R), and the Sofitel (2nd-R) and Ramses Hilton (R) hotel buildings. (Photo by Amir MAKAR / AFP) Image used for illustrative purpose.$

This picture taken on November 1, 2022 shows a view of the skyline of Egypt's capital Cairo, showing the landmark Cairo Tower (2nd-L) built in 1961, the Cairo Opera House (3rd-L below), the high-rise building used as the headquarters of the foreign ministry (C), the Egyptian Radio and Television Union headquarters building (3rd-R), and the Sofitel (2nd-R) and Ramses Hilton (R) hotel buildings. (Photo by Amir MAKAR / AFP) Image used for illustrative purpose.

This marks a 141.66% year-on-year (YoY) leap as compared to the EGP 4.359 million recorded in 2023

Staff Writer, Arab Finance

April 22, 2025

PHOTO
This picture taken on November 1, 2022 shows a view of the skyline of Egypt's capital Cairo, showing the landmark Cairo Tower (2nd-L) built in 1961, the Cairo Opera House (3rd-L below), the high-rise building used as the headquarters of the foreign ministry (C), the Egyptian Radio and Television Union headquarters building (3rd-R), and the Sofitel (2nd-R) and Ramses Hilton (R) hotel buildings. (Photo by Amir MAKAR / AFP) Image used for illustrative purpose.

Arab Finance: International Company for Investment and Development (ICID) recorded consolidated net profits attributable to the parent company worth EGP 10.376 million in 2024, as per the financial results.

This marks a 141.66% year-on-year (YoY) leap as compared to the EGP 4.359 million recorded in 2023.

Earnings per share (EPS) increased to EGP 0.11 last year from EGP 0.044 in 2023, while the total revenues dropped to EGP 8.769 million from EGP 12.797 million.

Meanwhile, the standalone net profits soared by 346.70% to EGP 6.678 million in 2024 from EGP 1.495 million in 2023.

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