Cairo – Mubasher: The unaudited financial results of Al Tawfeek for Financial Lease (AT Lease) reported a slight profit rise during the first nine months of 2019.
The company’s net profit inched up to EGP 52 million in the nine-month period ended 30 September, compared to EGP 50.5 million in the year-ago period, including minority shareholders’ rights, according to a statement to the Egyptian Exchange (EGX) on Tuesday.
Meanwhile, revenues increased to EGP 383.8 million in the January-September period, compared to EGP 360 million in the corresponding period a year earlier.
As for standalone business, the company logged a net profit of EGP 52.05 million in the first nine months of the year, up from EGP 50.55 million in the prior-year period.
It is noteworthy that during the first half of 2019, AT Lease’s net profits fell slightly to EGP 34.104 million, compared to EGP 34.165 million in H1-18.
