B INVESTMENTS HOLDING
BINV
Cash DividendsPositive News
B Investments Holding Soars with 146% Profit Surge; Dividends Declared
B Investments Holding reports a 146% profit jump in 2024 with EGP 1.25/share dividends, showcasing strong consolidated growth despite standalone revenue declines.
April 6, 2025 at 10:48:00 AMScore: 92
B Investments Holding (BINV) reported a staggering 146% year-over-year surge in consolidated net profits after tax, hitting EGP 1.65 billion in 2024 compared to EGP 693.76 million in 2023. Basic and diluted earnings per share (EPS) nearly doubled to EGP 7.46 from EGP 3.17. Consolidated revenues climbed 70% to EGP 970.24 million. However, standalone profits rose sharply to EGP 951.56 million, while standalone revenues fell 51% to EGP 291.23 million. Shareholders will vote on a proposed dividend of EGP 1.25 per share. As of September 30, 2024, consolidated net profits surged to EGP 1.61 billion from EGP 619.44 million a year prior.
Recommended Actions
- Consider buying shares ahead of dividend approval
- Monitor standalone revenue trends in future reports
- Compare dividend yield with sector peers
- Evaluate EPS growth against market expectations
- Consult a financial advisor for portfolio alignment
Positive Aspects
- 146% consolidated profit surge
- Dividend distribution proposal
- 70% consolidated revenue increase
Negative Aspects
- Standalone revenue decline of 51%
- Dependence on consolidated performance for growth
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