EFIC’s profits surge 248% in H1-21

Cairo – Mubasher: Egyptian Financial and Industrial Company (EFIC)  achieved a jump of 248% in its standalone net profits to EGP 37.39 million in the first half (H1) of 2021 from EGP 10.7 million in H1-20.

Sales increased to EGP 396.1 million in the January-June 2021 period from EGP 216.4 million in the same period a year ago, according to a bourse disclosure on Thursday.

In the first quarter (Q1) of 2021, the consolidated income statements of EFIC showed net profits worth EGP 39.96 million, compared to EGP 3.37 million in Q1-20.

As for the standalone financials, EFIC turned profitable at about EGP 20 million in Q1-21, against losses of EGP 7.27 million in Q1-20.

Mubasher Contribution Time: 29-Jul-2021 12:39 (GMT)
Mubasher Last Update Time: 29-Jul-2021 12:39 (GMT)