Beltone Financial becomes profitable in H1
Updated 8/19/2024 9:32:00 AM
Arab Finance: Beltone Financial Holding reported EGP 816.709 million in its consolidated net profits after tax and attributable to the parent company during the first half (H1) of this year, versus net losses worth EGP 145.892 million in the same period last year, compared to EGP 105.59 million, financial statements showed on August 19th.
Net sales hit EGP 193.392 million during the six months of 2024.
The firm generated EGP 530.802 million in standalone net profits after tax during the January-June period of this year, against net losses after tax amounting to EGP 168.868 million.
The company develops an online trading platform, called Beltone Trade, as well as provides brokerage services, asset management, investment banking, liquidity services in regional markets, and research and analysis services.
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