Incolease records 76.81% YoY profit increase in 2023

Updated 2/21/2024 10:29:00 AM
Incolease records 76.81% YoY profit increase in 2023

Arab Finance: International Company for Leasing (Incolease) (ICLE) posted a 76.81% year-on-year (YoY) growth in net profit after tax during 2023, according to the financial statement filed to the Egyptian Exchange (EGX).

The company’s profit after tax rose to EGP 159.502 million in January-December from EGP 90.212 million in 2022.

Operating revenue surged to EGP 1.010 billion in the 12 months to December 31st from EGP 494.002 million in 2022.

Established in 1997, Incolease is an Egypt-based company engaged in the provision of customer service and personalized financial solutions.

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