Contact’s consolidated profits rise 36% YoY in 2023

Updated 3/5/2024 10:05:00 AM
Contact’s consolidated profits rise 36% YoY in 2023

Arab Finance: Contact Financial Holding (CNFN) posted a 35.5% year-on-year (YoY) increase in consolidated net profits attributable to the shareholders of the parent company in 2023 to EGP 692.208 million, versus EGP 510.713 million, as per a statement.

Meanwhile, the company registered standalone net profits after tax of EGP 329.317 million in 2023, up from EGP 327.617 million in 2023.

Contact Financial Holding, formerly Sarwa Capital, is a non-bank financial services provider, changing the way people and businesses access finance and insurance.

 

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