Cairo – Mubasher: The consolidated financial statements of e-Finance for Financial and Digital Investments, during the first quarter of this year, showed an increase in the company’s profits by 44% on an annual basis.
And the company stated in a statement to the Egyptian Stock Exchange, today, Thursday, that it achieved a net profit of 285.47 million pounds during the period from January to the end of March 2023, compared to profits amounting to 198.29 million pounds in the comparative period of 2022, taking into account minority rights.
The share of the shareholders of the parent company during the three months amounted to profits of 281.94 million pounds, compared to 200.32 million pounds during the same quarter of 2022.
While the non-controlling interests recorded profits of 3.52 million pounds at the end of March, compared to losses amounting to 2.026 million pounds in profits during the same period of 2022.
The company’s total revenues rose during the first quarter of this year to 767.96 million pounds, compared to revenues that amounted to 559.51 million pounds in the comparative period of last year.
At the level of non-consolidated businesses, the profits of the independent company increased during the period from January to March to record 327.94 million pounds, compared to profits of 213 million pounds during the same quarter of 2022.
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