Beltone Financial’s consolidated profits soar 1,218.15% YoY in 9 months
Updated 11/18/2024 9:56:00 AM
Arab Finance: Beltone Financial Holding reported a 1,218.15% year-on-year (YoY) surge in consolidated net profits attributable to the parent company for the first nine months of 2024, according to the company’s financial statements.
The company recorded EGP 1.130 billion in its consolidated net profits after minority shareholders’ rights in the January-September period of 2024, up from EGP 85.777 million in the same period last year.
Net consolidated sales amounted to EGP 680.428 million during the nine-month period, rising from EGP 175.069 million in the year-ago period.
As for the company’s standalone financial results, it achieved net profits of EGP 650.172 million in during the nine months to September, compared to EGP 301.844 million in the same period of 2023.
Based in Egypt and listed on the EGX, Beltone Financial is one of the market leaders in the financial services sector in the MENA region. It offers a comprehensive set of financial solutions, including brokerage, investment banking, asset management, and equity research.
The company also provides end-to-end non-banking financial institutions (NBFIs) like private equity and direct investments, leasing, factoring, consumer finance, and mortgage finance.
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