Cairo – Mubasher: Fawry for Banking Technology and Electronic Payments registered consolidated net profits of EGP 137.15 million in the first six months of 2021, up by 59.6% year-on-year (YoY) from EGP 85.9 million, including minority shareholders' rights.
The e-payment firm generated EGP 742.56 million in revenue in the first half (H1) of 2021, up from EGP 549.26 million in H1-20, according to a bourse disclosure on Monday.
Meanwhile, the standalone net profits grew to EGP 90.52 million in the January-June period, compared to EGP 73.21 million in the corresponding period a year earlier.
During the first quarter (Q1) of 2021, Fawry logged net profits of EGP 85.79 million, compared to EGP 38.04 million in Q1-20, including minority shareholders’ rights.
