Cairo – Mubasher: Al Tawfeek for Financial Lease (AT Lease) reported a 15.3% year-on-year rise in its consolidated profits during the first quarter of 2019.
The Egyptian firm’s net profits logged EGP 18.82 million in the January-March period of 2019, compared to EGP 16.32 million in the year-ago period, according to a filing to the Egyptian Exchange (EGX) on Thursday.
Meanwhile, the company’s revenues rose to EGP 202.29 million in Q1-19, against EGP 181.3 million in the corresponding period a year earlier.
As for standalone business, AT Lease’s profits amounted to EGP 18.83 million in Q1-19, compared to EGP 16.26 million Q1-18.
For the full-year 2018, the Egyptian company’s profits registered EGP 69.79 million from EGP 58.87 million, including minority shareholders’ rights.
