Fawry sees higher consolidated profits at EGP 327m in 2022

Cairo – Mubasher: The consolidated net profits after tax of Fawry for Banking Technology and Electronic Payments hit EGP 327.05 million in 2022, higher than EGP 242.12 million in 2021, including minority shareholders' rights.

The revenues jumped to EGP 2.27 billion last year from EGP 1.65 billion in 2021, according to the income statements.

Basic and diluted earnings per share (EPS) declined to EGP 0.08 as of 31 December 2022 from EGP 0.12 a year earlier, whereas the total assets enlarged to EGP 6.42 billion from EGP 4.12 billion.

Standalone Financial Results

Fawry’s standalone net profits after tax increased to EGP 177.78 million in 2022 from EGP 120.41 million in 2021, while the revenues surged to EGP 1.49 billion from EGP 1.11 billion.

Non-consolidated basic and diluted EPS retreated to EGP 0.06 last year from EGP 0.08 during January-December 2021, whereas the total assets grew to EGP 5.77 billion from EGP 3.75 billion.

During the first nine months (9M) of 2022, the EGX-listed company witnessed lower consolidated net profits after tax at EGP 192.93 million, versus EGP 193.73 million in 9M-21, including minority interest.

Mubasher Contribution Time: 08-Mar-2023 07:51 (GMT)
Mubasher Last Update Time: 12-Apr-2023 12:54 (GMT)