Arab Finance: Fawry for Banking Technology and Electronic Payment (FWRY) reported a 122.14% year-on-year (YoY) climb in consolidated profit attributable to the parent company during the first half (H1) of 2024, according to the consolidated financial statement filed to the Egyptian Exchange (EGX) on August 14^th.

The company’s consolidated profit excluding minority interest rose to EGP 628.771 million in H1 2024 from EGP 283.056 million in H1 2023.

Meanwhile, consolidated operating revenue surged to EGP 2.299 billion in the six-month period ended June 30th from EGP 1.444 billion in the same period a year earlier.

As for standalone financial results, the company’s net profit after tax soared to EGP 592.414 million in the January-June period of 2024 from EGP 273.955 million in H1 2023.

Fawry is an Egypt-based company that provides an electronic payment network. The company allows users to pay bills in multiple channels, such as online, using automated teller machines, mobile wallets, and retail points.

Ezz Steel moves to profits in H1 2024 Updated 9/11/2024 10:04:00 AM

Fawry inks deal to acquire 80% of SVREICO’s administrative building Updated 9/8/2024 12:46:00 PM

Fawry witnesses EGP 34.695M trading on shares under ESOP Updated 9/5/2024 11:03:00 AM

Macro Group moves to loss in H1 2024 Updated 9/4/2024 11:12:00 AM

Arab Drug Company sees 24% YoY profit increase in FY2023/24 Updated 9/1/2024 10:53:00 AM