The consolidated net profits of Fawry for Banking Technology and Electronic Payments fell by 28.5% on an annual basis during the first half (H1) of 2022 to EGP 98.04 million, compared to EGP 137.15 million, including minority shareholders’ rights.
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Revenues of the EGX-listed firm totalled EGP 1.01 billion during the six-month period ended 30 June 2022, compared with EGP 742.56 million in the year-ago period, according to a stock exchange statement on Monday.
As for the standalone financials, Fawry reported a yearly drop in H1-22 profits to EGP 40.63 million from EGP 90.52 million.
