Contact Financial’s consolidated profits decrease 6.32% YoY in 9 months
Updated 11/17/2024 10:16:00 AM
Arab Finance: Contact Financial Holding (CNFN) posted a 6.32% year-on-year (YoY) drop in consolidated net profits attributable to the shareholders of the parent company for the first nine months of 2024, according to the financial statement filed to the Egyptian Exchange (EGX) on November 17th.
Consolidated net profits amounted to EGP 410.347 million in the nine-month period, compared to EGP 438.043 million in the same period of 2023.
As per the standalone financial statement, the company incurred net losses after tax of EGP 6.787 million from January to September, versus profits of EGP 157.238 million in the year-ago period.
Contact Financial Holding, formerly Sarwa Capital, is a non-bank financial services provider, changing the way people and businesses access finance and insurance.
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