Arab Finance: Orascom Financial Holding (OFH) registered consolidated net profits attributable to the parent company of EGP 56.837 million in 2023, versus net losses of 72.114 million in 2022, the firm disclosed.

The firm generated operating revenues of EGP 17.573 million last year, up from EGP 40,000 the year prior.

Respecting the standalone results, the company earned EGP 101,695 million in net profits after tax in 2023, against net losses of EGP 201.955 million in 2022.

Meanwhile, OFH recorded EGP 83.895 million in total standalone operating revenues, compared to a loss in revenues of EGP 246.043 million in 2022.

Founded in 2020, OFH is a technology-driven financial service investment company. The company is traded on the EGX under the symbol OFH.CA.

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