Arab Finance: The Egyptian Financial and Industrial Company (EFIC) witnessed 151% year-on-year (YoY) higher standalone net profits after tax in 2024, according to the financial statement.
Non-consolidated net profits hit EGP 1.53 billion at the end of 2024, compared to EGP 588.24 million in 2023.
Sales jumped by 77% YoY to EGP 4.16 billion in 2024 from EGP 2.34 billion.
The EGX-listed firm focuses on the production and distribution of chemical resources and agricultural fertilizers, as well as the ownership of the means of road and river transportation.