Arab Finance: EFG Holding (HRHO) reported a 109.66% year-on-year (YoY) increase in consolidated net profit excluding minority interest for the first quarter (Q1) of 2023, according to the financial statements filed to the Egyptian Exchange (EGX) on May 24th.

Consolidated net profit attributable to the parent company stood at EGP 1.821 billion in Q1 2024, compared to EGP 868.752 million in Q1 2023.

Total consolidated revenues hit EGP 8.551 billion during the first three months of this year, up from EGP 4.445 million in the same period a year earlier.

At the level of the standalone financial statement, the company recorded a standalone net profit of EGP 1.444 billion in Q1 2024, rising from EGP 534.342 million in Q1 2023.

EFG Hermes is a leading financial services company in Egypt listed on the Egyptian Exchange (EGX), with a presence in 13 countries, including the UAE, Saudi Arabia, Kuwait, Jordan, Oman, and Pakistan.

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