Arab Finance: e-finance for Digital and Financial Investments (EFIH) posted a 6.2% year-on-year (YoY) uptick in consolidated net profits after tax and non-controlling interest in the first half (H1) of 2024, recording EGP 762.68 million, versus EGP 718.369 million, as per a disclosure.

Revenues rose to EGP 2.283 billion from January to June this year from EGP 1.735 million in the same period a year earlier.

The company reported standalone net profits after tax of EGP 560.043 million in H1 2024, compared to EGP 390.224 million in H1 2023.

Meanwhile, standalone revenues increased to EGP 563.077 million from EGP 362.212 million.

Founded in 2005, e-finance is the first fintech platform in Egypt and a leading digital payment infrastructure developer.

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