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Sarwa Capital records 31% profit decrease

Sarwa Capital records 31% profit decrease

ArabFinance: Sarwa Capital said its profit declined 31% Year on Year for the first nine months of 2020, according to the company’s November 11th financial statements filed to the Egyptian Exchange.

Consolidated net profit before minority interest stood at EGP 193,864,694 in the January-September period of 2020, compared to EGP 279,925,611 achieved in the prior-year period.

Sales revenue for the January-September period of 2020 reached EGP 1,928,255,196.

Standalone net profit reached EGP 3,727,638 in the January-September period of 2020, a 95% plunge from EGP 75,340,324 posted in the corresponding period a year earlier.

Sarwa offers financial solutions such as auto credit, insurance, and consumer finance.

The group also helps structures, arranges, and underwrites debt transactions for companies that need to access debt capital markets to fund growth, manage risk, improve financial standing, and raise liquidity.

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