CI Capital Holding financial services group, achieved total revenues of EGP 1.1bn, an increase of 46% from EGP 778m in the prior year, in the first six months (H1) of the calendar year (CY) 2018, according to a press statement issued on Wednesday. According to the consolidated financial results, the group's net operating profits reached EGP 301.8m, up 111% a year-over-year (y-o-y), while the net profit after tax and minority interest of EGP 161.3m, rose to 88% y-o-y. Moreover, microfinance revenues and net profits increased to 2.7 fold and 5.1 fold respectively y-o-y to reach EGP 140.1m and EGP 47.7m in the same period. Total microfinance loans outstanding of EGP 596m at the end of H1 2018. Assets under Management reached EGP 8.3bn, up 14% y-o-y. Brokerage market share reached 10.8% in H1 2018 versus 10.0% in H1 2017. Investment banking advisory fees increased 137% y-o-y to record EGP 54.3m. "Our strong operational performance is a testament to the group's solid business strategy in its non-banking financial platform and investment banking platform. Robust revenue growth coupled with effective cost control in all the group's business lines funnelled down to an 88% growth in net income which came in at EGP 161.3m year-to-date in 2018," group Co-CEO Hazem Badran commented.
