Act Financial records 28.1% lower consolidated profits in 2024

Updated 2/27/2025 12:40:00 PM
Act Financial records 28.1% lower consolidated profits in 2024

Arab Finance: Act Financial logged an annual drop of 28.13% in consolidated net profits after tax and non-controlling interest to EGP 355.338 million in 2024, according to the financial statements.

The generated net profits were compared with EGP 494.482 million in 2023.

Total revenues jumped to EGP 718.919 million in 2024 from EGP 697.371 million a year earlier, while the earnings per share (EPS) retreated to EGP 0.39 from EGP 2.72.

Regarding the standalone business, the net profits after tax climbed to EGP 364.214 million in 2024 from EGP 498.381 million in 2023.

Non-consolidated revenues grew to EGP 718.919 million from EGP 697.371 million.

In the first nine months of 2024, Act Financial registered 107.23% year-on-year (YoY) higher consolidated net profits after tax and non-controlling interest at EGP 563.028 million.

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