CI Capital Holding Reports its First Half 2018 Consolidated Results

August 1, 2018

Revenue Reached EGP 1.1 billion, Growing 46% Year-on-Year
Net Profit Reached EGP 161.3 million, Growing 88% Year-on-Year

CI Capital Holding (Ticker: CICH.CA), Egypt’s leading diversified financial services group, announced today its consolidated financial results for the 6-month period ended 30th June, 2018.

H1 2018 Consolidated Financial and Operational Highlights
 Total Revenues recorded EGP 1.1 billion, up 46% year-on-year (y-o-y).
 Net operating profit reached EGP 301.8 million, up 111% y-o-y.
 Net profit before tax of EGP 254.0 million, up 93% y-o-y.
 Net profit after tax and minority interest of EGP 161.3 million, up 88% y-o-y.
 Revenue from leasing activities up 31%% y-o-y to reach EGP 738.0 million with a total outstanding leasing
portfolio of EGP 5.3 billion at the end of H1 2018.
 Microfinance1 revenue and net profit up 2.7x and 5.1x y-o-y to reach EGP 140.1 million and EGP 47.7 million
respectively. Total microfinance loans outstanding of EGP 596 million at the end of H1 2018.
 Assets under Management (AuMs) reached EGP 8.3 billion, 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 54.3 million.

Commenting on the first half 2018 performance, Group Co-CEO, Hazem Badran “Our strong operational performance is a testament to the Group’s solid business strategy in its non-banking financial platform and investment banking platform. Given the continued improved dynamics and the turnaround in the macroeconomic environment, our Egypt’s focused strategy paid off by delivering consistent top-line growth in addition to expanding our market share across all business lines.

The Group’s H1 2018 consolidated revenues recorded a 46% increase year on year, reaching EGP 1.1 billion as compared to EGP 778 million in the year prior. Robust revenue growth coupled with effective cost control in all the group’s business lines funneled down to an 88% growth in net income which came in at EGP 161.3 million year-to-date in 2018.

The Group’s positioning in the fast-growing financing industry gives us confidence in delivering strong operational and financial results.”

For more info. H1 2018 Earnings Release

– END –

1 Reefy’s revenues were not consolidated prior to Q1 2018 as acquisition date was late Q4 2017, y-o-y growth rate based on Reefy’s standalone financials.