Incolease’s H1 loss increases 51.1% YoY
Updated 8/10/2022 11:44:00 AM
Arab Finance: International Company for Leasing (Incolease) (ICLE) incurred a net loss after tax of EGP 20.33 million in the first half (H1) of 2022, up by 51.11% year-on-year (YoY) from EGP 13.45 million, according to the financial income statement filed to the Egyptian Exchange (EGX) on August 10th.
Operating revenues reached EGP 220.74 million in H1 2022, compared to EGP 197.20 million in H1 2021.
In the second quarter (Q2) of 2022, the company’s net loss fell to EGP 7.21 million from EGP 8.36 million in Q2 2021.
Established in 1997, Incolease is an Egypt-based company engaged in the provision of customer service and personalized financial solutions.
