AT Lease reports growth in 2021 profits

Updated 2/21/2022 12:45:00 PM

ArabFinanceAl Tawfeek Leasing Company (A.T.LEASE) (ATLC) has recorded a consolidated net profit attributable to the parent company of EGP 134.06 million in the full-year ended December 31st 2021, according to the company’s financial statements filed to the Egyptian Exchange (EGX).

This marks a growth from the consolidated net profit reported in 2020 of EGP 74.13 million.

Consolidated operating revenue rose to EGP 546.56 million in 2021 from EGP 514.47 million in 2020.

Meanwhile, standalone net profit after tax stood at EGP 134.007 million in 2021, up from EGP 74.05 million in 2020.

AT LEASE is an Egypt-based Islamic sharia-compliant leasing company, which provides a variety of international leasing solutions and products. The company offers its products under the following categories: financial lease/capital, true ease, structured lease, and vendor lease.