The consolidated net profits of e-finance For Digital and Financial Investments increased by 35.18% year-on-year (YoY) to EGP 374.82 million in the first nine months of 2021, compared to EGP 277.26 million, including minority shareholders’ rights.
The net profits attributable to the parent company’s shareholders rose to EGP 380.38 million from EGP 278.05 million, while the net losses attributable to minority interests widened to EGP 5.56 million from EGP 793,998, according to a bourse disclosure on Sunday.
Meanwhile, the revenues grew to EGP 1.29 billion in the January-September period, compared to EGP 816.59 million in the corresponding period a year earlier.
As for standalone business, the fintech platform turned to net losses of EGP 38.42 million in the nine-month period ended 30 September, versus net profits of EGP 271.01 million in the prior-year period.
In the first half (H1) of 2021, e-finance For Digital and Financial Investments logged consolidated net profits of EGP 275.56 million, up from EGP 152.45 million in the prior-year period, including minority shareholders’ rights.
