Act Financial’s consolidated profits rise 79% YoY in H1 2024

Updated 7/29/2024 10:33:00 AM
Act Financial’s consolidated profits rise 79% YoY in H1 2024

Arab Finance: Act Financial reported a 79.3% year-on-year (YoY) climb in consolidated net profits after tax and non-controlling interest to EGP 109.442 million in the first half (H1) of 2024 from EGP 61.051 million, as per a filing on July 29th.

Total revenues came in at EGP 261.225 million in H1 2024, compared to EGP 127.759 million in H1 2023.

As for standalone finances, the firm earned net profits after tax of EGP 112.565 million in the six months to June, up from EGP 62.533 million over the corresponding period last year.

Meanwhile, standalone net revenues surged to EGP 261.225 million to EGP 127.759 million.

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