Arab Finance: e-finance for Digital and Financial Investments (EFIH) posted a 21.45% year-on-year (YoY) increase in consolidated net profits after tax and non-controlling interest in the first nine months of 2024, the company disclosed on November 11th.

Meanwhile, the firm consolidated profits hit EGP 1.393 billion from January through September, versus EGP 1.147 billion over the same period of last year.

Revenues hit EGP 3.443 billion, up from EGP 2.764 billion.

The company reported standalone net profits after tax of EGP 1.191 billion for the first nine months of the year, compared to EGP 824.742 million in the same period a year ago.

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

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