OFH logs EGP 123M standalone profits in 9 months

Updated 11/15/2023 11:12:00 AM
OFH logs EGP 123M standalone profits in 9 months

Arab Finance: Orascom Financial Holding (OFH) logged standalone net profits after tax of EGP 123.043 million in the first nine months of 2023, versus net losses of EGP 222.965 million in the same period of 2022, as per the company’s financial statement filed to the Egyptian Exchange (EGX) on November 15th.

Meanwhile, the company garnered total standalone revenues of EGP 83.895 million in the nine months to September 30th, against loss in revenues of EGP 246.043 million in the same period a year ago.

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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