Arab Finance: Orascom Financial Holding (OFH) has reported a 92.41% year-on-year (YoY) drop in its consolidated net profits attributable to the parent company during the first half (H1) of 2024, as per the company’s financial statement filed to the Egyptian Exchange (EGX) on August 14th.

The firm has generated EGP 4.137 million in consolidated net profits attributable to the parent company during the first six months of this year, down from EGP 54.478 million in H1 2023.

Operating revenues hit EGP 16.229 million during the January-June period of this year, rising slightly from EGP 15.110 million in the same period last year.

OFH has garnered EGP 65.917 million in standalone net profits after tax, dropping from EGP 115.326 million.

Founded in 2020, OFH is a technology-driven financial service investment company. The company is traded on the EGX under the symbol OFH.CA.

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