B INVESTMENTS HOLDING
BINV
Financial ResultsPositive News
B Investments Holding Surges with 161% Profit Leap in 9M-24
B Investments Holding reports a 161% surge in 9M-24 net profit with significant revenue growth and EPS expansion.
November 17, 2024 at 10:05:00 AMScore: 85
B Investments Holding (BINV) delivered stellar financial results for the first nine months of 2024, with consolidated net profits after tax soaring to EGP 1.61 billion—up from EGP 619.44 million in 9M-23. Revenues surged 116% year-on-year (YoY) to EGP 969.55 million, while basic and diluted earnings per share (EPS) jumped to EGP 6.79 from EGP 2.72. On a standalone basis, net profits climbed to EGP 865.49 million (vs. EGP 463.58 million in 9M-23), though revenues dipped to EGP 257.70 million from EGP 542.47 million. Q3-24 saw consolidated profits hit EGP 342.18 million (vs. EGP 65.47 million in Q3-23), with revenues tripling to EGP 394 million. EPS for the quarter rose to EGP 1.25 from EGP 0.39.
Recommended Actions
- Monitor BINV stock for potential upward momentum
- Compare Q3-24 performance with industry peers
- Consider strategic entry if aligned with risk tolerance
- Review dividend implications of increased profits
- Track management commentary on revenue diversification
Positive Aspects
- 161% consolidated net profit growth
- Tripled Q3-24 revenue
- EPS growth across all reporting periods
Negative Aspects
- Standalone revenue declined 52% YoY in 9M-24
- Q3-24 standalone results not disclosed
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