Cairo – Mubasher: The consolidated net profit of Egyptian Financial and Industrial Company (EFIC) surged to EGP 428.49 million during the first quarter (Q1) of 2024 from EGP 222.18 million in Q1-23.
Net sales jumped to EGP 1.78 billion in Q1-24 from EGP 982.52 million in Q1-23, according to the interim financial results.
The earnings per share (EPS) amounted to EGP 5.52 in the three-month period that ended on 31 March 2024, up from EGP 2.86 in the equivalent period of last year.
In the first quarter (Q1) of 2024, EFIC recorded a standalone net profit of EGP 158.20 million, up from EGP 87.26 million in the comparative period of 2023.
