Cairo – Mubasher: Egyptian Financial and Industrial Company (EFIC) generated EGP 234.27 million in standalone net profit after tax during the first nine months (9M) of 2023, an annual drop of 20% from EGP 293.13 million.
Revenues hiked by 23% to EGP 1.52 billion in 9M-23 from EGP 1.23 billion in 9M-22, according to the income statements.
The earnings per share (EPS) hit EGP 270 in January-September 2023, down year-on-year (YoY) from EGP 338.
In the first half (H1) of 2023, the company’s non-consolidated net profits retreated by 18% to EGP 202.11 million, compared to EGP 247.42 million in H1-22.
Sales increased to EGP 1.05 billion in H1-23 from EGP 847.52 million a year earlier, while the basic EPS dropped to EGP 2.33 from EGP 3.85.
